CF Industries (NYSE:CF) Price Target Raised to $100.00 at Royal Bank Of Canada

CF Industries (NYSE:CF) had its price target upped by equities researchers at Royal Bank Of Canada from $95.00 to $100.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 3.04% from the stock’s current price.

Several other equities research analysts have also commented on CF. UBS Group dropped their price objective 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. JPMorgan Chase & Co. upped their price target on shares of CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $100.00 target price on shares of CF Industries in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus price target of $94.80.

CF Industries Price Performance

CF opened at $97.05 on Monday. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $105.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. The firm has a 50-day moving average of $86.51 and a 200 day moving average of $85.08. The firm has a market cap of $15.14 billion, a P/E ratio of 10.84 and a beta of 0.70.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.06. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The business’s quarterly revenue was up 22.8% on a year-over-year basis. On average, research analysts expect that CF Industries will post 5.83 EPS for the current year.

Institutional Trading of CF Industries

A number of hedge funds have recently added to or reduced their stakes in CF. Harbor Capital Advisors Inc. increased its position in CF Industries by 78.0% during the 3rd 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 in the last quarter. True Wealth Design LLC increased its stake in CF Industries by 396.2% during the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after buying an additional 309 shares during the period. Eastern Bank acquired a new position in shares of CF Industries in the third quarter worth about $35,000. Hantz Financial Services Inc. boosted its stake in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Finally, Peterson Wealth Services increased its position in CF Industries by 451.3% in the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

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.