CF Industries (NYSE:CF) Stock Price Expected to Rise, Bank of America Analyst Says

CF Industries (NYSE:CF) had its price objective hoisted by stock analysts at Bank of America from $103.00 to $106.00 in a research note issued to investors on Thursday,MarketScreener reports. Bank of America‘s target price suggests a potential downside of 15.36% from the stock’s current price.

Several other research firms also recently commented on CF. Weiss Ratings raised CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. BNP Paribas Exane boosted their target price on CF Industries from $95.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. Royal Bank Of Canada lifted their target price on CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. BMO Capital Markets lifted their target price on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company lifted their target price on CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $118.47.

CF Industries Trading Up 1.8%

CF opened at $125.24 on Thursday. The business has a 50 day simple moving average of $123.96 and a two-hundred day simple moving average of $98.99. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 11.25 and a beta of 0.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. CF Industries has a one year low of $75.42 and a one year high of $141.96.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $1.85 EPS. CF Industries’s quarterly revenue was up 19.4% compared to the same quarter last year. Analysts predict that CF Industries will post 14.82 EPS for the current year.

Insiders Place Their Bets

In other news, VP Richard A. Hoker sold 6,184 shares of CF Industries stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $109.33, for a total value of $676,096.72. Following the sale, the vice president directly owned 34,535 shares of the company’s stock, valued at approximately $3,775,711.55. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Patrick Mcgrane sold 3,666 shares of CF Industries stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $116.50, for a total value of $427,089.00. Following the completion of the sale, the senior vice president directly owned 19,161 shares in the company, valued at $2,232,256.50. This trade represents a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,408 shares of company stock valued at $9,971,298 over the last three months. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CF Industries by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after buying an additional 518 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of CF Industries by 161.1% during the first quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP grew its stake in shares of CF Industries by 40.7% during the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock valued at $1,149,000 after buying an additional 4,252 shares during the last quarter. Focus Partners Wealth grew its stake in shares of CF Industries by 21.8% during the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock valued at $278,000 after buying an additional 638 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of CF Industries by 141.6% during the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after buying an additional 463 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.