CF Industries (NYSE:CF) Price Target Cut to $133.00 by Analysts at UBS Group

CF Industries (NYSE:CF) had its price objective reduced by stock analysts at UBS Group from $134.00 to $133.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group‘s price objective points to a potential upside of 7.95% from the stock’s current price.

A number of other equities analysts have also recently weighed in on CF. Royal Bank Of Canada raised their price objective on CF Industries from $115.00 to $125.00 and gave the company a “sector perform” rating in a report on Monday. Scotiabank upped their target price on CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Sanford C. Bernstein assumed coverage on shares of CF Industries in a research note on Friday, September 25th. They set an “outperform” rating and a $162.00 price target on the stock. Finally, Truist Financial set a $129.00 price target on shares of CF Industries in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.30.

CF Industries Price Performance

Shares of NYSE CF traded up $0.85 during midday trading on Wednesday, hitting $123.21. 788,763 shares of the company’s stock were exchanged, compared to its average volume of 3,167,180. The business’s fifty day moving average price is $122.17 and its two-hundred day moving average price is $117.04. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.24 and a beta of 0.54. CF Industries has a 12-month low of $75.42 and a 12-month high of $141.96. The company has a current ratio of 2.98, a quick ratio of 2.68 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.13). CF Industries had a return on equity of 24.52% and a net margin of 27.48%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $2.19 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts forecast that CF Industries will post 13.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CF. Advisors Asset Management Inc. purchased a new position in CF Industries in the 3rd quarter worth approximately $51,983,000. Edmond DE Rothschild Holding S.A. boosted its stake in shares of CF Industries by 13.2% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 11,707 shares of the basic materials company’s stock valued at $1,349,000 after purchasing an additional 1,363 shares during the period. Private Advisor Group LLC boosted its stake in shares of CF Industries by 101.3% during the third quarter. Private Advisor Group LLC now owns 7,293 shares of the basic materials company’s stock valued at $840,000 after purchasing an additional 3,670 shares during the period. Hi Line Capital Management LLC boosted its stake in shares of CF Industries by 0.7% during the third quarter. Hi Line Capital Management LLC now owns 74,708 shares of the basic materials company’s stock valued at $8,606,000 after purchasing an additional 506 shares during the period. Finally, Trustmark Bank Trust Department grew its holdings in shares of CF Industries by 301.3% in the third quarter. Trustmark Bank Trust Department now owns 15,307 shares of the basic materials company’s stock worth $1,763,000 after purchasing an additional 11,493 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.