CF Industries (NYSE:CF) Price Target Raised to $90.00

CF Industries (NYSE:CF) had its target price lifted by BNP Paribas Exane from $80.00 to $90.00 in a report issued on Wednesday morning,MarketScreener reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on CF. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. HSBC cut their price objective on CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. JPMorgan Chase & Co. cut their price target on CF Industries from $87.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Finally, Scotiabank increased their price objective on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.63.

CF Industries Stock Up 3.5%

Shares of NYSE CF opened at $92.37 on Wednesday. CF Industries has a 52-week low of $67.34 and a 52-week high of $104.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. The business has a fifty day moving average of $80.29 and a two-hundred day moving average of $85.16. The stock has a market cap of $14.41 billion, a PE ratio of 11.13 and a beta of 0.69.

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

Institutional Investors Weigh In On CF Industries

Institutional investors have recently modified their holdings of the business. Trust Co. of Toledo NA OH acquired a new position in CF Industries in the second quarter valued at approximately $26,000. Harbor Capital Advisors Inc. raised its position in shares of CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 309 shares during the period. Eastern Bank bought a new position in shares of CF Industries in the 3rd quarter worth $35,000. Finally, Peterson Wealth Services grew its stake in shares of 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 purchasing an additional 361 shares during the period. Institutional investors and hedge funds 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.