CF Industries (NYSE:CF) Price Target Raised to $94.00

CF Industries (NYSE:CF) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $80.00 to $94.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 6.53% from the stock’s current price.

Several other equities analysts have also weighed in on CF. Scotiabank cut their price objective on shares of CF Industries from $90.00 to $82.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce upgraded CF Industries to a “hold” rating in a report on Tuesday, December 2nd. Mizuho set a $95.00 target price on shares of CF Industries in a research report on Thursday. HSBC lowered 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. Finally, Bank of America cut their target price on CF Industries from $83.00 to $78.00 and set an “underperform” rating on the stock in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $93.07.

CF Industries Price Performance

NYSE CF traded up $1.11 on Friday, hitting $100.57. 138,701 shares of the company were exchanged, compared to its average volume of 2,353,502. The company has a market cap of $15.69 billion, a P/E ratio of 11.10 and a beta of 0.70. CF Industries has a 1-year low of $67.34 and a 1-year high of $105.27. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $86.15 and a two-hundred day moving average of $85.14.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CF. Harbor Capital Advisors Inc. lifted its holdings in shares of CF Industries by 78.0% during 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 in the last quarter. True Wealth Design LLC boosted its stake in shares of CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 309 shares during the period. Eastern Bank bought a new position in shares of CF Industries during the third quarter worth $35,000. Hantz Financial Services Inc. lifted its stake in CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Peterson Wealth Services boosted its holdings in shares of CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 361 shares during the last quarter. Hedge funds and other institutional investors 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.