Morgan Stanley Reaffirms Their Hold Rating on Cf Industries Holdings (CF)
Morgan Stanley analyst Vincent Andrews maintained a Hold rating on Cf Industries Holdings yesterday and set a price target of $135.00. The company’s shares closed yesterday at $126.16.
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Andrews covers the Basic Materials sector, focusing on stocks such as Intrepid Potash, Sherwin-Williams Company, and Nutrien. According to TipRanks, Andrews has an average return of 1.8% and a 58.97% success rate on recommended stocks.
In addition to Morgan Stanley, Cf Industries Holdings also received a Hold from RBC Capital’s Andrew Wong CFA in a report issued on April 7. However, on April 1, TipRanks – OpenAI reiterated a Buy rating on Cf Industries Holdings (NYSE: CF).
Based on Cf Industries Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.87 billion and a net profit of $404 million. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $328 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CF in relation to earlier this year. Last month, Richard Hoker, the VP & Corp. Contr of CF sold 3,499.00 shares for a total of $438,704.62.
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