Royal Bank Of Canada Cuts CF Industries (NYSE:CF) Price Target to $115.00

CF Industries (NYSE:CF) had its target price cut by analysts at Royal Bank Of Canada from $125.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 4.61% from the company’s previous close.

CF has been the topic of several other reports. JPMorgan Chase & Co. lifted their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Berenberg Bank raised their price objective on shares of CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Barclays lifted their price objective on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Canadian Imperial Bank of Commerce boosted their target price on shares of CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, HSBC reduced their target price on CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.62.

CF Industries Trading Up 1.6%

NYSE CF traded up $1.90 on Friday, hitting $120.56. 968,118 shares of the company were exchanged, compared to its average volume of 3,592,016. The company’s 50 day moving average price is $114.17 and its 200-day moving average price is $109.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The firm has a market capitalization of $18.52 billion, a P/E ratio of 10.84 and a beta of 0.40. CF Industries has a twelve month low of $75.42 and a twelve month high of $141.96.

Institutional Trading of CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in CF Industries by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after purchasing an additional 146,682 shares in the last quarter. Boston Partners lifted its holdings in shares of CF Industries by 15.3% during the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after buying an additional 476,769 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after buying an additional 381,716 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of CF Industries by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after buying an additional 11,792 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of CF Industries by 5.5% in the 4th quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock valued at $243,436,000 after buying an additional 163,320 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Company Profile

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.