CF Industries (NYSE:CF) Price Target Lowered to $92.00 at Mizuho

CF Industries (NYSE:CF) had its target price dropped by investment analysts at Mizuho from $100.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Mizuho’s target price would indicate a potential upside of 14.41% from the stock’s current price.

Several other research firms have also weighed in on CF. JPMorgan Chase & Co. upgraded shares of CF Industries from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $92.00 in a research report on Tuesday, July 29th. Scotiabank reiterated a “sector perform” rating and issued a $82.00 target price (up from $81.00) on shares of CF Industries in a report on Monday, August 11th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. HSBC decreased their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a report on Monday, September 15th. Finally, The Goldman Sachs Group decreased their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and a consensus price target of $96.92.

CF Industries Price Performance

Shares of NYSE:CF traded down $4.64 during trading hours on Thursday, hitting $80.41. 1,739,398 shares of the company’s stock traded hands, compared to its average volume of 2,668,404. CF Industries has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The company’s fifty day simple moving average is $86.53 and its two-hundred day simple moving average is $88.42. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 10.54 and a beta of 0.93.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. bought a new position in CF Industries during the third quarter valued at approximately $201,000. Bryce Point Capital LLC bought a new position in CF Industries during the third quarter worth $461,000. Johnson Investment Counsel Inc. increased its position in CF Industries by 16.4% during the third quarter. Johnson Investment Counsel Inc. now owns 4,969 shares of the basic materials company’s stock worth $446,000 after acquiring an additional 700 shares during the period. ProShare Advisors LLC increased its holdings in CF Industries by 15.0% in the 3rd quarter. ProShare Advisors LLC now owns 41,787 shares of the basic materials company’s stock valued at $3,748,000 after buying an additional 5,457 shares during the period. Finally, Candriam S.C.A. increased its holdings in CF Industries by 66.5% in the 3rd quarter. Candriam S.C.A. now owns 17,806 shares of the basic materials company’s stock valued at $1,597,000 after buying an additional 7,111 shares during the period. Institutional investors own 93.06% of the company’s stock.

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.