CF Industries (NYSE:CF – Get Free Report) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
Other equities analysts have also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of CF Industries from $95.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. BMO Capital Markets upped their price target on shares of CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. UBS Group decreased their target price on CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Mizuho boosted their target price on CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 31st. Finally, Barclays boosted their target price on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average target price of $118.47.
Check Out Our Latest Stock Analysis on CF Industries
CF Industries Stock Performance
CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. CF Industries’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. Sell-side analysts anticipate that CF Industries will post 15.02 EPS for the current fiscal year.
Insider Buying and Selling
In other CF Industries news, EVP Susan L. Menzel sold 18,041 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $136.06, for a total value of $2,454,658.46. Following the completion of the transaction, the executive vice president directly owned 55,762 shares in the company, valued at $7,586,977.72. This represents a 24.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $126.00, for a total value of $756,000.00. Following the completion of the transaction, the executive vice president owned 69,472 shares of the company’s stock, valued at $8,753,472. The trade was a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,408 shares of company stock worth $9,971,298 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eley Financial Management Inc boosted its stake in CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after purchasing an additional 87 shares during the period. Bank of America Corp DE boosted its stake in CF Industries by 8.4% in the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock worth $265,999,000 after purchasing an additional 158,119 shares during the period. Janus Henderson Group PLC boosted its stake in CF Industries by 304.4% in the 1st quarter. Janus Henderson Group PLC now owns 72,716 shares of the basic materials company’s stock worth $9,444,000 after purchasing an additional 54,737 shares during the period. Altshuler Shaham Ltd boosted its stake in CF Industries by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares during the period. Finally, Parvin Asset Management LLC boosted its stake in CF Industries by 15.1% in the 1st quarter. Parvin Asset Management LLC now owns 4,610 shares of the basic materials company’s stock worth $599,000 after purchasing an additional 605 shares during the period. 93.06% of the stock is currently owned by institutional investors.
CF Industries Company Profile
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.
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