CF Industries (NYSE:CF) Given New $95.00 Price Target at Royal Bank Of Canada

CF Industries (NYSE:CF) had its price target increased by Royal Bank Of Canada from $90.00 to $95.00 in a report published on Tuesday, MarketBeat.com reports. The firm currently has a sector perform rating on the basic materials company’s stock.

A number of other research firms have also recently commented on CF. BNP Paribas Exane cut their target price on CF Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Mizuho dropped their price target on CF Industries from $92.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. JPMorgan Chase & Co. cut their price target on CF Industries from $87.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. The Goldman Sachs Group decreased their price objective on CF Industries from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, December 16th. Finally, HSBC lowered their target price on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.00.

CF Industries Stock Up 1.9%

Shares of NYSE:CF opened at $88.43 on Tuesday. The firm has a 50 day simple moving average of $79.90 and a 200-day simple moving average of $85.10. CF Industries has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.79 billion, a PE ratio of 10.65 and a beta of 0.69.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm posted $1.55 EPS. The company’s revenue was up 21.1% on a year-over-year basis. On average, equities analysts predict that CF Industries will post 5.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Industries

Several hedge funds have recently modified their holdings of CF. Planned Solutions Inc. lifted its stake in shares of CF Industries by 3.5% in the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 114 shares during the period. Nordea Investment Management AB increased its position in shares of CF Industries by 0.8% in the second quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company’s stock valued at $1,395,000 after buying an additional 114 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in CF Industries by 7.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,838 shares of the basic materials company’s stock valued at $169,000 after acquiring an additional 131 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in CF Industries by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 2,898 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 135 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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.