Scotiabank Cuts CF Industries (NYSE:CF) Price Target to $80.00

CF Industries (NYSE:CF) had its target price reduced by investment analysts at Scotiabank from $86.00 to $80.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price objective points to a potential upside of 7.30% from the stock’s previous close.

Several other analysts also recently issued reports on CF. BMO Capital Markets reduced their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company dropped their price target on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Piper Sandler lowered CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $85.44.

CF Industries Stock Up 0.6 %

Shares of NYSE CF traded up $0.47 during trading on Monday, hitting $74.56. 1,701,191 shares of the company traded hands, compared to its average volume of 2,438,906. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 2.11 and a beta of 1.02. The business’s fifty day moving average is $81.46 and its 200 day moving average is $79.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries has a fifty-two week low of $60.08 and a fifty-two week high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $2.85 earnings per share. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year. Equities research analysts predict that CF Industries will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of CF Industries in the first quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CF Industries during the 4th quarter valued at $29,000. ORG Partners LLC lifted its holdings in shares of CF Industries by 428.6% during the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in CF Industries in the fourth quarter worth $32,000. Finally, Meeder Asset Management Inc. bought a new position in CF Industries in the fourth quarter valued at $36,000. 93.06% of the stock is owned by institutional investors.

CF Industries Company Profile

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.