CF Industries (NYSE:CF) Given New $95.00 Price Target at Royal Bank Of Canada

CF Industries (NYSE:CF) had its price objective reduced by equities research analysts at Royal Bank Of Canada from $100.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 15.24% from the stock’s previous close.

Several other brokerages have also recently commented on CF. BNP Paribas cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Mizuho decreased their price target on CF Industries from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $96.77.

CF Industries Stock Performance

NYSE CF traded up $0.41 on Monday, reaching $82.44. The stock had a trading volume of 518,195 shares, compared to its average volume of 2,670,865. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The company has a market cap of $13.35 billion, a P/E ratio of 10.76 and a beta of 0.89. The firm has a fifty day moving average of $86.32 and a two-hundred day moving average of $88.59. CF Industries has a 1-year low of $67.34 and a 1-year high of $104.45.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.06 by $0.13. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. CF Industries’s revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. On average, equities research analysts anticipate that CF Industries will post 5.83 EPS for the current year.

Institutional Investors Weigh In On CF Industries

Large investors have recently added to or reduced their stakes in the business. Barings LLC increased its stake in CF Industries by 1.7% in the third quarter. Barings LLC now owns 14,854 shares of the basic materials company’s stock valued at $1,332,000 after purchasing an additional 253 shares in the last quarter. Tredje AP fonden lifted its position in shares of CF Industries by 42.0% during the third quarter. Tredje AP fonden now owns 30,178 shares of the basic materials company’s stock valued at $2,707,000 after purchasing an additional 8,925 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in CF Industries by 22.6% during the third quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the basic materials company’s stock worth $924,000 after purchasing an additional 1,900 shares during the last quarter. Raiffeisen Bank International AG grew its position in CF Industries by 0.3% in the 3rd quarter. Raiffeisen Bank International AG now owns 108,519 shares of the basic materials company’s stock worth $9,822,000 after purchasing an additional 349 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in CF Industries by 3.1% in the 3rd quarter. NewEdge Wealth LLC now owns 381,368 shares of the basic materials company’s stock valued at $32,435,000 after buying an additional 11,363 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.