CF Industries (NYSE:CF) Price Target Cut to $100.00

CF Industries (NYSE:CFGet Rating) had its price objective dropped by Citigroup from $126.00 to $100.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective points to a potential upside of 15.63% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada upgraded CF Industries from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $110.00 to $135.00 in a report on Monday, October 3rd. StockNews.com began coverage on CF Industries in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. UBS Group cut their target price on CF Industries from $125.00 to $119.00 and set a “buy” rating on the stock in a research note on Wednesday, January 11th. Credit Suisse Group reissued an “underperform” rating on shares of CF Industries in a research note on Monday, January 9th. Finally, Mizuho cut their target price on CF Industries from $113.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.92.

CF Industries Stock Performance

Shares of CF stock opened at $86.48 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.30 and a current ratio of 2.66. CF Industries has a fifty-two week low of $63.10 and a fifty-two week high of $119.60. The stock has a 50 day moving average price of $94.69 and a two-hundred day moving average price of $98.26. The company has a market capitalization of $16.97 billion, a P/E ratio of 5.67, a PEG ratio of 1.00 and a beta of 1.06.

CF Industries (NYSE:CFGet Rating) last announced its earnings results on Wednesday, November 2nd. The basic materials company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.64). The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.30 billion. CF Industries had a net margin of 28.70% and a return on equity of 50.92%. Analysts expect that CF Industries will post 15.95 earnings per share for the current year.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently added to or reduced their stakes in CF. Vanguard Group Inc. boosted its holdings in shares of CF Industries by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after purchasing an additional 94,482 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of CF Industries by 4.8% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 11,789,927 shares of the basic materials company’s stock worth $1,134,783,000 after purchasing an additional 544,263 shares during the period. State Street Corp boosted its holdings in shares of CF Industries by 3.1% in the 3rd quarter. State Street Corp now owns 9,216,702 shares of the basic materials company’s stock worth $887,108,000 after purchasing an additional 277,997 shares during the period. Northern Trust Corp boosted its holdings in CF Industries by 7.3% during the 2nd quarter. Northern Trust Corp now owns 3,603,656 shares of the basic materials company’s stock valued at $308,941,000 after acquiring an additional 244,136 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in CF Industries by 78.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,821,699 shares of the basic materials company’s stock valued at $154,827,000 after acquiring an additional 799,020 shares during the period. Hedge funds and other institutional investors own 92.94% of the company’s stock.

CF Industries Company Profile

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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