Morgan Stanley Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price dropped by analysts at Morgan Stanley from $85.00 to $80.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price suggests a potential upside of 11.12% from the stock’s current price.

A number of other analysts also recently weighed in on CF. UBS Group cut their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reduced their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Piper Sandler upped their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Scotiabank upgraded CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 target price on the stock in a report on Wednesday. Finally, The Goldman Sachs Group began coverage on CF Industries in a report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, CF Industries has an average rating of “Hold” and an average target price of $89.20.

CF Industries Price Performance

Shares of CF stock opened at $72.00 on Friday. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.37 and a beta of 0.84. CF Industries has a 12 month low of $67.34 and a 12 month high of $98.25. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $77.92 and a 200 day moving average price of $84.42.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. Research analysts expect that CF Industries will post 5.83 EPS for the current year.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock valued at $1,130,955 over the last ninety days. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Curat Global LLC acquired a new stake in CF Industries in the first quarter valued at $25,000. Mizuho Bank Ltd. acquired a new position in shares of CF Industries in the fourth quarter worth approximately $26,000. Heck Capital Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter valued at $34,000. Creative Financial Designs Inc. ADV raised its stake in CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after buying an additional 161 shares during the last quarter. Finally, Asset Planning Inc bought a new position in CF Industries during the fourth quarter worth $44,000. 93.06% of the stock is owned by institutional investors.

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.