CF Industries (NYSE:CF) Price Target Raised to $90.00 at Scotiabank

CF Industries (NYSE:CF) had its target price lifted by analysts at Scotiabank from $82.00 to $90.00 in a research report issued on Monday, Marketbeat reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price objective would indicate a potential upside of 9.18% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a research note on Tuesday, October 14th. 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. UBS Group dropped their target price on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada decreased their price objective on shares of CF Industries from $100.00 to $95.00 and set a “sector perform” rating for the company in a report on Monday. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CF Industries has an average rating of “Hold” and an average price target of $96.77.

CF Industries Stock Up 0.5%

NYSE:CF traded up $0.41 during mid-day trading on Monday, hitting $82.44. 518,195 shares of the company’s stock were exchanged, compared to its average volume of 2,670,865. The company has a market cap of $13.35 billion, a PE ratio of 10.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. CF Industries has a one year low of $67.34 and a one year high of $104.45. The business has a fifty day moving average price of $86.32 and a 200 day moving average price of $88.59.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Planned Solutions Inc. increased its holdings in CF Industries by 3.5% in the 2nd quarter. Planned Solutions Inc. now owns 3,393 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 114 shares during the last quarter. Nordea Investment Management AB grew its holdings 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 purchasing an additional 114 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in CF Industries by 1.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock worth $682,000 after purchasing an additional 116 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV lifted its position in CF Industries by 4.1% during the second quarter. Rowlandmiller & PARTNERS.ADV now owns 3,325 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 130 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Company Profile

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.