CF Industries (NYSE:CF) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of CF Industries (NYSE:CF) in a research note issued on Tuesday. The firm set an “overweight” rating and a $100.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 20.76% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. HSBC decreased their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Mizuho reduced their price objective on CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, UBS Group reduced their price target on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average price target of $96.38.

CF Industries Trading Up 1.0%

CF Industries stock opened at $82.81 on Tuesday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 10.81 and a beta of 0.89. CF Industries has a 1 year low of $67.34 and a 1 year high of $104.45. The firm’s 50 day moving average price is $86.25 and its two-hundred day moving average price is $88.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, research analysts predict that CF Industries will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in CF Industries by 8,352.8% in the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock valued at $113,422,000 after acquiring an additional 1,434,168 shares during the last quarter. Norges Bank acquired a new position in shares of CF Industries in the 2nd quarter valued at $129,574,000. Worldquant Millennium Advisors LLC bought a new position in shares of CF Industries in the 2nd quarter worth $96,560,000. Arrowstreet Capital Limited Partnership boosted its position in shares of CF Industries by 926.2% in the 2nd 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 last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of CF Industries by 72.1% during the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after purchasing an additional 724,329 shares during the period. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.