CF Industries (NYSE:CF) Price Target Lowered to $135.00 at BMO Capital Markets

CF Industries (NYSE:CF) had its price target reduced by investment analysts at BMO Capital Markets from $140.00 to $135.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 25.05% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. UBS Group cut their price objective on CF Industries from $140.00 to $130.00 in a report on Friday, May 8th. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley increased their price objective on CF Industries from $95.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. The Goldman Sachs Group decreased their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $118.50.

CF Industries Price Performance

Shares of CF opened at $107.95 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. CF Industries has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The business’s 50-day moving average is $116.01 and its two-hundred day moving average is $105.85. The company has a market capitalization of $16.59 billion, a P/E ratio of 9.78 and a beta of 0.38.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.CF Industries’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. Research analysts predict that CF Industries will post 15.6 earnings per share for the current year.

Institutional Trading of CF Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Himension Capital Singapore PTE. LTD. purchased a new position in shares of CF Industries during the first quarter valued at about $25,000. Altshuler Shaham Ltd boosted its holdings in shares of CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 112 shares during the last quarter. Stance Capital LLC purchased a new position in shares of CF Industries during the third quarter valued at approximately $42,000. MUFG Securities EMEA plc bought a new position in CF Industries during the second quarter valued at approximately $44,000. Finally, Hantz Financial Services Inc. grew its position in CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 156 shares during the period. 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.