CF Industries (NYSE:CF) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CF Industries (NYSE:CF) had its target price lifted by investment analysts at BMO Capital Markets from $110.00 to $115.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 14.35% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upgraded CF Industries to a “hold” rating in a research report on Tuesday, December 2nd. Rothschild & Co Redburn set a $72.00 price objective on CF Industries in a report on Wednesday, February 4th. Zacks Research cut CF Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group cut their price target on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CF Industries from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.07.

CF Industries Stock Up 1.1%

Shares of NYSE CF traded up $1.11 during midday trading on Friday, hitting $100.57. The stock had a trading volume of 138,701 shares, compared to its average volume of 2,353,502. The company has a market cap of $15.69 billion, a P/E ratio of 11.10 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 quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $86.15 and its 200-day moving average is $85.14.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a net margin of 20.54% and a return on equity of 19.95%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 EPS. As a group, analysts predict that CF Industries will post 5.83 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its position in CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock worth $276,123,000 after purchasing an additional 381,716 shares during the period. Corient Private Wealth LLC lifted its holdings in CF Industries by 449.5% in the fourth quarter. Corient Private Wealth LLC now owns 118,268 shares of the basic materials company’s stock valued at $9,147,000 after acquiring an additional 96,745 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of CF Industries by 0.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,188 shares of the basic materials company’s stock valued at $5,119,000 after purchasing an additional 514 shares during the period. Vident Advisory LLC lifted its stake in CF Industries by 86.3% in the 4th quarter. Vident Advisory LLC now owns 45,420 shares of the basic materials company’s stock valued at $3,513,000 after buying an additional 21,036 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in CF Industries during the fourth quarter worth approximately $619,000. 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.