FY2026 EPS Estimates for CF Industries Lowered by Scotiabank

CF Industries Holdings, Inc. (NYSE:CF) – Investment analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for CF Industries in a research report issued to clients and investors on Monday, February 23rd. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $7.64 per share for the year, down from their prior estimate of $8.76. Scotiabank has a “Sector Perform” rating and a $85.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.83 per share. Scotiabank also issued estimates for CF Industries’ FY2027 earnings at $6.45 EPS.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis.

A number of other research analysts have also weighed in on CF. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Rothschild & Co Redburn set a $72.00 target price on CF Industries in a research report on Wednesday, February 4th. HSBC lowered their price target on CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company raised their price objective on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.53.

CF Industries Stock Up 0.7%

CF stock opened at $96.07 on Wednesday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 10.67 and a beta of 0.70. The firm has a 50-day simple moving average of $87.21 and a 200-day simple moving average of $85.27. 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 has a 52 week low of $67.34 and a 52 week high of $105.27.

Institutional Trading of CF Industries

Several large investors have recently added to or reduced their stakes in CF. Norges Bank purchased a new position in shares of CF Industries during the 4th quarter worth $193,657,000. Dimensional Fund Advisors LP grew its holdings in shares of CF Industries by 37.6% in the fourth 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 period. Worldquant Millennium Advisors LLC acquired a new stake in CF Industries during the second quarter worth about $96,560,000. Arrowstreet Capital Limited Partnership raised its stake in CF Industries by 926.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after purchasing an additional 1,009,455 shares during the period. Finally, Caisse de depot et placement du Quebec raised its stake in CF Industries by 52.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Key Headlines Impacting CF Industries

Here are the key news stories impacting CF Industries this week:

• Positive Sentiment: RBC raised its price target to $100 (sector perform), a clear upward signal from a major bank that likely helped demand for CF shares. RBC raises PT to $100
• Positive Sentiment: Several outlets report other price‑target increases (notably to $115 and $113), signalling some analysts see more upside versus prior views. These raise the floor on bullish scenarios for CF. Price Target Raised to $115
• Positive Sentiment: Another reported price target hike to $113 reinforces that at least some analysts are materially more constructive on CF’s outlook. Price Target Raised to $113
• Neutral Sentiment: BNP Paribas Exane nudged its target to $95 and kept a neutral rating — a modest tweak that is largely signal‑neutral relative to current levels. BNP Paribas raises PT to $95
• Neutral Sentiment: Coverage pieces (Yahoo Finance) highlight a shifting investment narrative: mixed analyst signals mean headlines — not fundamentals — may be driving short‑term moves. How The CF Industries Investment Narrative Is Shifting
• Neutral Sentiment: Seeking Alpha notes CF’s low‑cost position gives a durable competitive edge, but commodity and policy swings (China, India) make earnings uneven; useful context but not an immediate directional trigger. Fertilizer Politics Cuts Both Ways
• Negative Sentiment: Scotiabank raised its Q1 EPS estimate to $2.28 but set a lower $85 price target (sector perform), which implies downside versus current levels and may cap upside until visibility improves. Scotiabank raises estimates, sets PT at $85
• Negative Sentiment: Another Seeking Alpha piece flags a “valuation disconnect,” arguing CF’s current valuation may not fully account for commodity and macro risks — a line of analysis that can weigh on investor sentiment and multiple compression. Valuation Disconnect Is Still Too Big To Ignore

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.