Mizuho Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price objective reduced by research analysts at Mizuho from $92.00 to $88.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s price target points to a potential upside of 11.47% from the company’s current price.

Several other equities analysts have also commented on CF. The Goldman Sachs Group cut their price target on CF Industries from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday. BNP Paribas Exane cut their target price on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. CIBC assumed coverage on shares of CF Industries in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 price target for the company. Rothschild & Co Redburn increased their price objective on shares of CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. Finally, UBS Group reduced their price objective on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $93.06.

CF Industries Stock Performance

Shares of NYSE:CF opened at $78.94 on Thursday. The firm’s 50 day simple moving average is $81.96 and its 200-day simple moving average is $87.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. CF Industries has a one year low of $67.34 and a one year high of $104.45. The firm has a market cap of $12.31 billion, a PE ratio of 9.51 and a beta of 0.68.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.CF Industries’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, equities analysts predict that CF Industries will post 5.83 EPS for the current year.

Institutional Investors Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the company. Ensign Peak Advisors Inc raised its stake in shares of CF Industries by 24.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after buying an additional 18,666 shares during the last quarter. Talaria Asset Management Pty Ltd grew its holdings in CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock worth $45,640,000 after acquiring an additional 254,000 shares during the period. Envestnet Asset Management Inc. raised its position in CF Industries by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock valued at $25,442,000 after acquiring an additional 15,291 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in CF Industries during the first quarter valued at approximately $849,000. Finally, Foster & Motley Inc. lifted its holdings in CF Industries by 131.4% in the second quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock valued at $3,020,000 after acquiring an additional 18,640 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, 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.