CF Industries (NYSE:CF) Given New $133.00 Price Target at Freedom Broker

CF Industries (NYSE:CF) had its target price hoisted by stock analysts at Freedom Broker from $129.00 to $133.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Freedom Broker‘s target price points to a potential upside of 8.39% from the stock’s previous close.

A number of other analysts have also recently weighed in on CF. Rothschild & Co Redburn raised shares of CF Industries from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $98.00 to $110.00 in a report on Monday, September 28th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings raised shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. UBS Group increased their target price on shares of CF Industries from $123.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, October 27th. Finally, KeyCorp began coverage on shares of CF Industries in a research note on Thursday, September 10th. They set an “underweight” rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.35.

CF Industries Stock Up 0.3%

Shares of CF traded up $0.34 during mid-day trading on Wednesday, reaching $122.70. The company’s stock had a trading volume of 639,773 shares, compared to its average volume of 3,166,572. CF Industries has a 12-month low of $75.42 and a 12-month high of $141.96. The stock has a market cap of $17.95 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.98 and a quick ratio of 2.68. The company’s 50 day moving average is $122.17 and its 200 day moving average is $117.04.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $2.87 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.13). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.77 billion. CF Industries had a return on equity of 24.52% and a net margin of 27.48%. CF Industries’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.19 EPS. Equities analysts anticipate that CF Industries will post 13.59 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CF. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of CF Industries by 3.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 84 shares during the last quarter. Eley Financial Management Inc raised its position in CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 87 shares during the last quarter. TFB Advisors LLC boosted its stake in CF Industries by 3.4% during the 3rd quarter. TFB Advisors LLC now owns 2,670 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 88 shares during the period. Bogart Wealth LLC boosted its stake in CF Industries by 25.6% during the 3rd quarter. Bogart Wealth LLC now owns 452 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 92 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in CF Industries by 6.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.