In a report issued on August 2, Duffy Fischer from Barclays maintained a Hold rating on CF Industries (CF), with a price target of $57. The company’s shares closed on Friday at $52.68.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 9.7% and a 56.6% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours, Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CF Industries with a $52.50 average price target, implying a -0.3% downside from current levels. In a report issued on August 2, Berenberg Bank also maintained a Hold rating on the stock with a $48 price target.
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Based on CF Industries’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.5 billion and net profit of $283 million. In comparison, last year the company earned revenue of $1.3 billion and had a net profit of $148 million.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2019, Bert Frost, the Sr.VP,SalesMktDev,Supply Chain of CF sold 6,000 shares for a total of $247,020.
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CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizer. It owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.