CF Industries (NYSE:CF) Given New $115.00 Price Target at JPMorgan Chase & Co.

CF Industries (NYSE:CF) had its price target upped by equities researchers at JPMorgan Chase & Co. from $94.00 to $115.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 0.81% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BNP Paribas Exane upped their price objective on shares of CF Industries from $95.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada raised their price objective on CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $119.00.

CF Industries Trading Up 0.5%

NYSE:CF opened at $114.08 on Wednesday. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. CF Industries has a 1-year low of $75.42 and a 1-year high of $141.96. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 10.25 and a beta of 0.38. The business’s 50-day moving average price is $123.73 and its two-hundred day moving average price is $101.89.

CF Industries (NYSE:CF) last announced 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. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.CF Industries’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. On average, equities analysts expect that CF Industries will post 15.12 earnings per share for the current year.

Insider Activity

In related news, EVP Bert A. Frost sold 10,000 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $119.01, for a total transaction of $1,190,100.00. Following the completion of the transaction, the executive vice president directly owned 87,256 shares in the company, valued at approximately $10,384,336.56. This trade represents a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard A. Hoker sold 6,184 shares of CF Industries stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $109.33, for a total value of $676,096.72. Following the completion of the sale, the vice president directly owned 34,535 shares in the company, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 72,513 shares of company stock worth $8,952,781. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently made changes to their positions in CF. Victory Capital Management Inc. lifted its position in shares of CF Industries by 10.6% in the third quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after purchasing an additional 480,126 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares in the last quarter. Boston Partners grew its position in CF Industries by 15.3% in the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after purchasing an additional 476,769 shares in the last quarter. Invesco Ltd. increased its stake in CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after buying an additional 381,716 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in CF Industries by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock valued at $300,602,000 after buying an additional 63,938 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.