Mizuho Cuts CF Industries (NYSE:CF) Price Target to $88.00

CF Industries (NYSE:CF) had its price objective reduced by equities research analysts at Mizuho from $92.00 to $88.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price objective suggests a potential upside of 11.47% from the stock’s current price.

Several other brokerages also recently weighed in on CF. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. CIBC assumed coverage on shares of CF Industries in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 price target for the company. HSBC reduced their price objective on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Wells Fargo & Company started coverage on shares of CF Industries in a research note on Tuesday, November 11th. They set an “overweight” rating and a $100.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.06.

CF Industries Trading Up 1.8%

CF stock opened at $78.94 on Thursday. CF Industries has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.31 billion, a P/E ratio of 9.51 and a beta of 0.68. The company’s 50-day simple moving average is $81.96 and its 200-day simple moving average is $87.56.

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

Institutional Trading of CF Industries

A number of hedge funds have recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $26,000. Harbor Capital Advisors Inc. increased its holdings in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. True Wealth Design LLC lifted its position in CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after buying an additional 309 shares in the last quarter. Eastern Bank acquired a new position in CF Industries during the third quarter worth $35,000. Finally, Peterson Wealth Services boosted its stake in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds 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.