set a $115.00 price target on CF Industries (NYSE:CF – Free Report) in a research report sent to investors on Monday morning,BayStreet reports. The firm currently has a sector perform rating on the basic materials company’s stock.
Several other research analysts have also weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Morgan Stanley reduced their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets decreased their price objective on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. HSBC lowered their price objective on shares of CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. Finally, Freedom Broker downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.11.
Check Out Our Latest Research Report on CF Industries
CF Industries Stock Performance
CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 earnings per share. Equities analysts anticipate that CF Industries will post 13.9 earnings per share for the current year.
Institutional Trading of CF Industries
A number of institutional investors and hedge funds have recently bought and sold shares of CF. BlackRock Inc. acquired a new position in shares of CF Industries in the second quarter valued at approximately $1,410,607,000. Dimensional Fund Advisors LP increased its stake in CF Industries by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock worth $579,062,000 after buying an additional 146,682 shares during the period. Bank of America Corp DE lifted its holdings in CF Industries by 8.4% during the 1st quarter. Bank of America Corp DE now owns 2,048,671 shares of the basic materials company’s stock worth $265,999,000 after buying an additional 158,119 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in CF Industries by 19.7% during the 4th quarter. Allianz Asset Management GmbH now owns 2,624,910 shares of the basic materials company’s stock worth $203,011,000 after buying an additional 431,868 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in CF Industries in the 2nd quarter valued at approximately $198,857,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
CF Industries Company Profile
CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.
CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.
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