CF Industries (NYSE:CF) Given New $90.00 Price Target at BNP Paribas Exane

CF Industries (NYSE:CF) had its price objective increased by BNP Paribas Exane from $80.00 to $90.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. BNP Paribas Exane’s target price suggests a potential upside of 0.59% from the company’s current price.

Several other analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a report on Monday, December 29th. Cibc Captl Mkts upgraded CF Industries to a “hold” rating in a research report on Tuesday, December 2nd. Mizuho cut their target price on shares of CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Bank of America decreased their target price on shares of CF Industries from $83.00 to $78.00 and set an “underperform” rating for the company in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group lowered their price target on shares of CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average target price of $92.63.

CF Industries Stock Performance

NYSE:CF traded up $1.06 during trading hours on Wednesday, hitting $89.48. 244,311 shares of the company were exchanged, compared to its average volume of 2,531,934. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. CF Industries has a 52-week low of $67.34 and a 52-week high of $104.45. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 10.78 and a beta of 0.69. The company’s 50 day moving average price is $79.90 and its 200-day moving average price is $85.10.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, research analysts forecast that CF Industries will post 5.83 earnings per share for the current year.

Institutional Trading of CF Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in CF Industries in the 2nd quarter valued at about $129,574,000. Worldquant Millennium Advisors LLC acquired a new position in shares of CF Industries during the second quarter valued at approximately $96,560,000. Arrowstreet Capital Limited Partnership lifted its position in shares of CF Industries by 926.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock valued at $102,897,000 after acquiring an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of CF Industries by 72.1% in the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after acquiring an additional 724,329 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of CF Industries during the second quarter worth approximately $63,104,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.