Royal Bank Of Canada Forecasts Strong Price Appreciation for CF Industries (NYSE:CF) Stock

CF Industries (NYSE:CF) had its price objective lifted by equities researchers at Royal Bank Of Canada from $95.00 to $100.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 3.04% from the company’s current price.

Several other analysts have also weighed in on the stock. BMO Capital Markets boosted their target price on shares of CF Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. JPMorgan Chase & Co. boosted their target price on shares of CF Industries from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.80.

CF Industries Stock Down 0.1%

CF opened at $97.05 on Monday. The firm has a market cap of $15.14 billion, a P/E ratio of 10.84 and a beta of 0.70. The business’s fifty day simple moving average is $86.51 and its 200 day simple moving average is $85.08. CF Industries has a 52 week low of $67.34 and a 52 week high of $105.27. 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 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.06. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm posted $1.89 EPS. CF Industries’s revenue was up 22.8% on a year-over-year basis. As a group, equities research analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Industries

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in CF Industries by 2.1% in the 2nd quarter. State Street Corp now owns 7,982,072 shares of the basic materials company’s stock worth $734,351,000 after purchasing an additional 165,833 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of CF Industries by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock valued at $449,742,000 after acquiring an additional 480,126 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CF Industries by 37.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after purchasing an additional 1,178,516 shares during the last quarter. Boston Partners increased its position in CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after buying an additional 476,769 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of CF Industries by 12.0% during the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock worth $276,123,000 after purchasing an additional 381,716 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.