CF Industries (NYSE:CF) Stock Rating Lowered by Royal Bank of Canada

Royal Bank of Canada lowered shares of CF Industries (NYSE:CF) from an outperform rating to a sector perform rating in a research note published on Tuesday, Marketbeat.com reports. They currently have $100.00 price objective on the basic materials company’s stock.

A number of other research analysts also recently issued reports on the company. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer initiated coverage on shares of CF Industries in a research note on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 16th. Finally, Piper Sandler upgraded shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $79.00 to $105.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus price target of $92.69.

CF Industries Price Performance

NYSE CF opened at $95.22 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.71 and a beta of 0.98. The business has a 50 day simple moving average of $89.17 and a 200 day simple moving average of $83.48. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Analysts anticipate that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at CF Industries

In related news, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now owns 22,211 shares in the company, valued at $2,016,314.58. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,389 shares of company stock valued at $2,355,425 in the last quarter. 0.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CF Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after purchasing an additional 300,050 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of CF Industries by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock valued at $477,668,000 after acquiring an additional 22,392 shares during the period. Victory Capital Management Inc. increased its position in shares of CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after purchasing an additional 549,569 shares during the period. Earnest Partners LLC raised its stake in CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after purchasing an additional 59,674 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in CF Industries by 10.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after purchasing an additional 120,193 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.