HSBC Lowers CF Industries (NYSE:CF) Price Target to $91.00

CF Industries (NYSE:CF) had its price target dropped by equities researchers at HSBC from $95.00 to $91.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. HSBC’s price objective would suggest a potential upside of 18.10% from the company’s current price.

A number of other research firms also recently commented on CF. BNP Paribas downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Wells Fargo & Company initiated coverage on shares of CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 target price for the company. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “hold (c)” rating on shares of CF Industries in a research report on Monday, November 17th. Finally, Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target of $94.33.

CF Industries Stock Down 1.9%

Shares of CF opened at $77.06 on Monday. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company’s fifty day moving average is $85.56 and its two-hundred day moving average is $88.74. The firm has a market cap of $12.02 billion, a PE ratio of 10.14 and a beta of 0.89. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38.

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

Institutional Trading of CF Industries

Hedge funds have recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of CF Industries in the second quarter valued at approximately $26,000. Harbor Capital Advisors Inc. lifted its holdings in CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares during the period. Zions Bancorporation National Association UT bought a new position in CF Industries in the 1st quarter valued at about $27,000. TCTC Holdings LLC raised its position in shares of CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after buying an additional 202 shares in the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 309 shares during the period. 93.06% of the stock is currently owned by institutional investors.

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.