CF Industries (NYSE:CF) Price Target Raised to $140.00 at UBS Group

CF Industries (NYSE:CF) had its price objective lifted by research analysts at UBS Group from $97.00 to $140.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target points to a potential upside of 5.97% from the company’s current price.

A number of other research analysts have also recently commented on CF. BNP Paribas Exane increased their target price on CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. BMO Capital Markets lifted their price target on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Royal Bank Of Canada upped their price objective on CF Industries from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Wells Fargo & Company raised their price objective on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $103.00 target price on shares of CF Industries in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.60.

CF Industries Price Performance

NYSE CF traded up $4.00 during trading hours on Thursday, hitting $132.11. The company had a trading volume of 1,278,481 shares, compared to its average volume of 4,048,274. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 14.64 and a beta of 0.68. CF Industries has a 52 week low of $67.34 and a 52 week high of $137.44. The firm has a 50 day simple moving average of $102.72 and a 200 day simple moving average of $89.77.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.06. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company’s revenue was up 22.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Equities research analysts expect that CF Industries will post 5.83 earnings per share for the current year.

Insider Activity

In other CF Industries news, SVP Michael Patrick Mcgrane sold 3,666 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $116.50, for a total transaction of $427,089.00. Following the completion of the transaction, the senior vice president owned 19,161 shares of the company’s stock, valued at $2,232,256.50. This represents a 16.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bert A. Frost sold 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $119.01, for a total value of $1,190,100.00. Following the completion of the sale, the executive vice president owned 87,256 shares of the company’s stock, valued at approximately $10,384,336.56. This trade represents a 10.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,408 shares of company stock valued at $9,971,298 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CF. Harbor Capital Advisors Inc. grew its position in CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after buying an additional 309 shares in the last quarter. Eastern Bank purchased a new stake in shares of CF Industries during the third quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its holdings in shares of CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Finally, Peterson Wealth Services increased its position in shares of CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.