Royal Bank Of Canada Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price objective cut by investment analysts at Royal Bank Of Canada from $100.00 to $95.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.52% from the company’s previous close.

CF has been the subject of several other reports. The Goldman Sachs Group decreased their price target on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. Bank of America raised their target price on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. UBS Group cut their target price on CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, HSBC decreased their price target on CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $96.38.

CF Industries Price Performance

Shares of CF opened at $83.69 on Monday. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The stock has a market cap of $13.55 billion, a PE ratio of 10.92 and a beta of 0.89. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The business has a 50-day simple moving average of $86.17 and a two-hundred day simple moving average of $88.67.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. Analysts anticipate that CF Industries will post 5.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CF Industries

A number of institutional investors and hedge funds have recently modified their holdings of CF. Talaria Asset Management Pty Ltd increased its position in CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after buying an additional 254,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CF Industries by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,055,283 shares of the basic materials company’s stock valued at $473,220,000 after acquiring an additional 262,944 shares during the period. Cerity Partners LLC increased its holdings in shares of CF Industries by 31.2% during the first quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock valued at $1,345,000 after acquiring an additional 4,089 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 worth $25,442,000 after purchasing an additional 15,291 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of CF Industries during the first quarter worth approximately $849,000. 93.06% of the stock is currently owned by institutional investors.

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.