BNP Paribas Exane Issues Positive Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price target raised by equities research analysts at BNP Paribas Exane from $90.00 to $95.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. BNP Paribas Exane’s price objective points to a potential downside of 2.11% from the stock’s current price.

A number of other research firms have also recently commented on CF. Wells Fargo & Company lifted their price target on CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday. Rothschild & Co Redburn set a $72.00 price target on shares of CF Industries in a research note on Wednesday, February 4th. BMO Capital Markets raised their target price on CF Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on CF Industries from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Mizuho set a $95.00 price target on CF Industries in a research note on Thursday. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.80.

CF Industries Price Performance

CF opened at $97.05 on Monday. The company has a fifty day moving average price of $86.51 and a two-hundred day moving average price of $85.08. The firm 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 company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37.

CF Industries (NYSE:CF) last released 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 net margin of 20.54% and a return on equity of 19.84%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, analysts anticipate that CF Industries will post 5.83 earnings per share for the current year.

Hedge Funds Weigh In On CF Industries

Hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after buying an additional 128 shares in the last quarter. True Wealth Design LLC increased its stake in CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after buying an additional 309 shares during the period. Eastern Bank purchased a new stake in shares of CF Industries in the 3rd quarter worth approximately $35,000. Hantz Financial Services Inc. boosted its position in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Peterson Wealth Services grew its position in shares of CF Industries by 451.3% in the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.