Royal Bank Of Canada Issues Pessimistic Forecast for CF Industries (NYSE:CF) Stock Price

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 note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 5.10% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Mizuho increased their target price on shares of CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a report on Tuesday, March 31st. The Goldman Sachs Group cut their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. UBS Group reduced their price objective on CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Barclays lifted their price objective on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Morgan Stanley lowered their target price on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.62.

CF Industries Stock Performance

NYSE:CF opened at $121.17 on Friday. The business has a 50 day moving average of $114.30 and a 200 day moving average of $109.29. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 10.89 and a beta of 0.40. CF Industries has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

Institutional Trading of CF Industries

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of CF Industries in the 4th quarter worth about $193,657,000. Dimensional Fund Advisors LP increased its position in shares of CF Industries by 37.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after buying an additional 1,178,516 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in shares of CF Industries during the second quarter valued at about $96,560,000. Arrowstreet Capital Limited Partnership raised its position in shares of CF Industries by 203.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,088,286 shares of the basic materials company’s stock worth $141,303,000 after acquiring an additional 729,921 shares in the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in CF Industries by 52.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

About CF Industries

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.