BNP Paribas Exane Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price reduced by research analysts at BNP Paribas Exane from $90.00 to $80.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 3.82% from the stock’s current price.

Several other research analysts have also issued reports on the stock. BNP Paribas lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday, November 17th. Rothschild & Co Redburn raised their price objective on shares of CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. Scotiabank upped their target price on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Finally, Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.33.

CF Industries Price Performance

CF stock opened at $77.06 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries has a 1 year low of $67.34 and a 1 year high of $104.45. The firm has a 50-day moving average of $85.56 and a 200 day moving average of $88.74. The company has a market cap of $12.02 billion, a P/E ratio of 10.14 and a beta of 0.89.

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

Institutional Trading of CF Industries

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

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.