CF Industries (NYSE:CF) Price Target Cut to $82.00 by Analysts at Scotiabank

CF Industries (NYSE:CF) had its target price dropped by equities research analysts at Scotiabank from $90.00 to $82.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s target price indicates a potential downside of 8.13% from the company’s current price.

CF has been the topic of a number of other research reports. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Royal Bank Of Canada boosted their price objective on shares of CF Industries from $90.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Cibc Captl Mkts upgraded shares of CF Industries to a “hold” rating in a report on Tuesday, December 2nd. Mizuho lowered their target price on shares of CF Industries from $92.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. dropped their price target on CF Industries from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average price target of $89.14.

CF Industries Stock Down 4.3%

CF Industries stock traded down $3.97 during trading hours on Monday, hitting $89.26. 575,889 shares of the stock traded hands, compared to its average volume of 2,428,770. CF Industries has a one year low of $67.34 and a one year high of $104.45. The firm’s 50-day moving average price is $81.63 and its two-hundred day moving average price is $84.86. 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 company has a market cap of $13.92 billion, a PE ratio of 10.75 and a beta of 0.70.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, research analysts forecast that CF Industries will post 5.83 EPS for the current year.

Hedge Funds Weigh In On CF Industries

A number of hedge funds have recently bought and sold shares of CF. Trust Co. of Toledo NA OH purchased a new position in shares of CF Industries during the 2nd quarter worth $26,000. Harbor Capital Advisors Inc. lifted its position in 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 lifted its position in CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 309 shares in the last quarter. Eastern Bank bought a new stake in CF Industries during the third quarter valued at about $35,000. Finally, Peterson Wealth Services increased its position in CF Industries by 451.3% in the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors 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.