Canadian Imperial Bank of Commerce Boosts CF Industries (NYSE:CF) Price Target to $118.00

CF Industries (NYSE:CF) had its target price upped by Canadian Imperial Bank of Commerce from $100.00 to $118.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential downside of 6.30% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. BNP Paribas Exane boosted their price objective on shares of CF Industries from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Mizuho set a $95.00 target price on CF Industries in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada raised their target price on CF Industries from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus target price of $98.07.

CF Industries Trading Up 2.9%

CF Industries stock traded up $3.60 during trading hours on Tuesday, hitting $125.93. The company had a trading volume of 2,287,716 shares, compared to its average volume of 3,572,230. 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 cap of $19.35 billion, a P/E ratio of 14.00 and a beta of 0.68. The company has a 50-day moving average price of $96.60 and a two-hundred day moving average price of $87.86. CF Industries has a 1 year low of $67.34 and a 1 year high of $137.44.

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

Insider Buying and Selling

In other CF Industries news, EVP Bert A. Frost sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $136.69, for a total transaction of $854,312.50. Following the completion of the sale, the executive vice president directly owned 75,472 shares in the company, valued at approximately $10,316,267.68. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 18,041 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $136.06, for a total value of $2,454,658.46. Following the transaction, the executive vice president directly owned 55,762 shares of the company’s stock, valued at $7,586,977.72. The trade was a 24.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,409 shares of company stock worth $8,589,559 in the last quarter. 0.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CF. Harbor Capital Advisors Inc. boosted its stake in CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. True Wealth Design LLC increased its stake in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 309 shares during the last quarter. Eastern Bank acquired a new stake in shares of CF Industries in the 3rd quarter worth $35,000. Hantz Financial Services Inc. raised its holdings in shares of CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 156 shares during the period. Finally, Peterson Wealth Services boosted its position in shares of CF Industries by 451.3% during the 3rd 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 during the last quarter. 93.06% of the stock is owned by hedge funds and other 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.