CF Industries (NYSE:CF – Get Free Report) had its price target reduced by equities researchers at Freedom Broker from $133.00 to $129.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Freedom Broker‘s price target points to a potential upside of 7.28% from the stock’s current price.
Several other research firms have also recently issued reports on CF. KeyCorp began coverage on shares of CF Industries in a report on Thursday, September 10th. They set an “underweight” rating and a $115.00 price target for the company. UBS Group lifted their price objective on CF Industries from $123.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Weiss Ratings upgraded CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Truist Financial set a $129.00 target price on CF Industries in a research report on Monday. Finally, Royal Bank Of Canada cut their target price on 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. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average price target of $122.65.
View Our Latest Stock Report on CF
CF Industries Stock Performance
CF Industries stock traded down $3.05 during trading hours on Monday, reaching $120.25. 2,365,458 shares of the stock were exchanged, compared to its average volume of 3,184,885. The stock has a market cap of $18.20 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.32 and a current ratio of 4.86. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96. The firm’s 50 day moving average is $123.47 and its 200 day moving average is $115.96.
CF Industries (NYSE:CF – Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). The firm had revenue of $2.22 billion during 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 was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. Analysts predict that CF Industries will post 13.68 EPS for the current fiscal year.
Hedge Funds Weigh In On CF Industries
Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in CF Industries by 87.7% in the third quarter. Commonwealth Equity Services LLC now owns 13,986 shares of the basic materials company’s stock valued at $1,611,000 after purchasing an additional 6,534 shares during the last quarter. TFB Advisors LLC raised its stake in shares of CF Industries by 3.4% during the 3rd quarter. TFB Advisors LLC now owns 2,670 shares of the basic materials company’s stock worth $308,000 after buying an additional 88 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of CF Industries by 15.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,715 shares of the basic materials company’s stock worth $1,052,000 after buying an additional 1,151 shares in the last quarter. Rakuten Investment Management Inc. boosted its position in shares of CF Industries by 8.7% in the 3rd quarter. Rakuten Investment Management Inc. now owns 27,312 shares of the basic materials company’s stock worth $3,160,000 after buying an additional 2,185 shares in the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of CF Industries in the 3rd quarter worth about $66,000. 93.06% of the stock is owned by hedge funds and other institutional investors.
CF Industries Company Profile
CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.
The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.
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