Mizuho Lowers CF Industries (NYSE:CF) Price Target to $92.00

CF Industries (NYSE:CF) had its price objective reduced by research analysts at Mizuho from $100.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s target price would indicate a potential upside of 12.29% from the stock’s previous close.

CF has been the subject of several other research reports. BNP Paribas cut CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. HSBC reduced their price objective on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research report on Monday, September 15th. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. UBS Group reduced their price target on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, The Goldman Sachs Group decreased their price target on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus price target of $96.54.

CF Industries Price Performance

Shares of NYSE CF opened at $81.93 on Thursday. CF Industries has a twelve month low of $67.34 and a twelve month high of $104.45. The firm has a fifty day simple moving average of $86.32 and a 200 day simple moving average of $88.41. The company has a market capitalization of $13.27 billion, a PE ratio of 10.70 and a beta of 0.89. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38.

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

Hedge Funds Weigh In On CF Industries

Several large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in CF Industries by 8,352.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock worth $113,422,000 after purchasing an additional 1,434,168 shares in the last quarter. Norges Bank purchased a new position in shares of CF Industries during the second quarter valued at approximately $129,574,000. Worldquant Millennium Advisors LLC bought a new stake in CF Industries during the second quarter worth $96,560,000. Arrowstreet Capital Limited Partnership grew its holdings in CF Industries by 926.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after buying an additional 1,009,455 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in CF Industries by 72.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after buying an additional 724,329 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

About CF Industries

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.