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

CF Industries (NYSE:CF) had its price objective decreased by Oppenheimer from $114.00 to $111.00 in a report issued on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, January 21st. UBS Group increased their price target on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Finally, Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target of $92.43.

CF Industries Stock Performance

NYSE CF opened at $90.27 on Tuesday. CF Industries has a 12-month low of $69.13 and a 12-month high of $98.25. The firm has a 50-day moving average price of $89.27 and a two-hundred day moving average price of $84.07. The company has a market capitalization of $15.71 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.71 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

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, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts anticipate that CF Industries will post 6.37 earnings per share for the current year.

Insider Activity

In related news, EVP Bert A. Frost sold 3,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This trade represents a 2.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $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 a total of 25,389 shares of company stock worth $2,355,425 in the last three months. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CF. Wolff Wiese Magana LLC bought a new position in CF Industries in the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries in the fourth quarter worth approximately $34,000. Brooklyn Investment Group bought a new position in shares of CF Industries in the third quarter valued at approximately $39,000. Quent Capital LLC boosted its position in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after buying an additional 284 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in CF Industries during the second quarter worth $50,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.