CF Industries (NYSE:CF) Price Target Raised to $95.00

CF Industries (NYSE:CF) had its price objective increased by Royal Bank Of Canada from $90.00 to $95.00 in a research note published on Tuesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the basic materials company’s stock.

A number of other equities research analysts also recently commented on the stock. Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wells Fargo & Company began coverage on CF Industries in a research note on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price target on the stock. Bank of America decreased their price target on CF Industries from $83.00 to $78.00 and set an “underperform” rating for the company in a report on Thursday, January 8th. CIBC began coverage on CF Industries in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on CF Industries from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.63.

CF Industries Price Performance

Shares of NYSE CF opened at $89.16 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 10.74 and a beta of 0.69. The stock’s 50-day moving average is $80.14 and its two-hundred day moving average is $85.18. CF Industries has a 1-year low of $67.34 and a 1-year high of $104.45.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CF. Trust Co. of Toledo NA OH acquired a new stake in CF Industries in the second quarter valued at about $26,000. Harbor Capital Advisors Inc. lifted its holdings in shares of CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after buying an additional 128 shares during the period. True Wealth Design LLC boosted its stake in shares of CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after buying an additional 309 shares in the last quarter. Eastern Bank purchased a new stake in shares of CF Industries in the third quarter valued at approximately $35,000. Finally, Peterson Wealth Services grew its holdings in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 361 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.