CF Industries (NYSE:CF) Price Target Raised to $95.00

CF Industries (NYSE:CF) had its price objective increased by equities researchers at BNP Paribas Exane from $90.00 to $95.00 in a report issued on Monday,MarketScreener reports. The firm presently has a “neutral” rating on the basic materials company’s stock. BNP Paribas Exane’s price target would indicate a potential downside of 2.11% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada lifted their target price on CF Industries from $95.00 to $100.00 and gave the company a “sector perform” rating in a research report on Monday. BMO Capital Markets raised their price objective on shares of CF Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 29th. Rothschild & Co Redburn set a $72.00 price target on shares of CF Industries in a research note on Wednesday, February 4th. Finally, UBS Group cut their price target on CF Industries from $91.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.80.

CF Industries Price Performance

NYSE:CF opened at $97.05 on Monday. The stock has a market capitalization of $15.14 billion, a PE ratio of 10.84 and a beta of 0.70. CF Industries has a 52 week low of $67.34 and a 52 week high of $105.27. The stock’s 50-day moving average price is $86.51 and its 200-day moving average price is $85.08. The company has a quick ratio of 2.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.41.

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, topping the consensus estimate of $2.53 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. As a group, equities analysts expect that CF Industries will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Hedge funds have recently made changes to their positions in the business. Ensign Peak Advisors Inc lifted its position in shares of CF Industries by 24.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock worth $8,767,000 after buying an additional 18,666 shares during the period. Principal Financial Group Inc. increased its position in CF Industries by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 232,647 shares of the basic materials company’s stock valued at $20,868,000 after acquiring an additional 23,942 shares in the last quarter. Inspire Advisors LLC acquired a new position in CF Industries during the 3rd quarter worth $677,000. Envestnet Asset Management Inc. lifted its stake in shares of CF Industries by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock valued at $25,442,000 after acquiring an additional 15,291 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of CF Industries by 26.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,193,042 shares of the basic materials company’s stock valued at $196,716,000 after purchasing an additional 464,115 shares during 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.