CF Industries (NYSE:CF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CF Industries (NYSE:CF) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $80.00 to $94.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 6.53% from the company’s previous close.

A number of other research analysts have also recently commented on CF. The Goldman Sachs Group restated a “neutral” rating and set a $103.00 price objective on shares of CF Industries in a research note on Friday. Canadian Imperial Bank of Commerce raised CF Industries to a “hold” rating in a research report on Tuesday, December 2nd. Royal Bank Of Canada lifted their price target on shares of CF Industries from $90.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Wells Fargo & Company raised their price objective on shares of CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.07.

CF Industries Stock Up 1.1%

Shares of CF stock traded up $1.11 during trading on Friday, reaching $100.57. The company’s stock had a trading volume of 138,701 shares, compared to its average volume of 2,353,502. CF Industries has a 1-year low of $67.34 and a 1-year high of $105.27. The stock’s 50-day moving average price is $86.15 and its 200 day moving average price is $85.14. The company has a market capitalization of $15.69 billion, a price-to-earnings ratio of 11.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.53 by $0.06. CF Industries had a net margin of 20.54% and a return on equity of 19.95%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the company posted $1.89 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. On average, research analysts anticipate that CF Industries will post 5.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CF. Lakewood Asset Management LLC raised its stake in shares of CF Industries by 0.9% in the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 111 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of CF Industries by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 114 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of CF Industries by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after buying an additional 116 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of CF Industries by 0.7% during the 4th quarter. Blair William & Co. IL now owns 17,528 shares of the basic materials company’s stock worth $1,356,000 after acquiring an additional 116 shares during the period. Finally, Harbor Capital Advisors Inc. boosted 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 in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

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.