RBC Dominion Securities Reiterates $115.00 Price Target for CF Industries (NYSE:CF)

CF Industries (NYSE:CF) received a $115.00 price target from equities research analysts at RBC Dominion Securities in a report released on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. RBC Dominion Securities’ target price would suggest a potential downside of 1.39% from the company’s current price.

Several other equities research analysts have also recently commented on CF. HSBC cut their target price on CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Zacks Research cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. KeyCorp initiated coverage on shares of CF Industries in a report on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price objective on the stock. Weiss Ratings raised shares of CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Finally, Sanford C. Bernstein began coverage on shares of CF Industries in a research report on Friday, September 25th. They issued an “outperform” rating and a $162.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus target price of $120.79.

CF Industries Stock Up 1.4%

CF stock traded up $1.61 during trading hours on Monday, reaching $116.62. 1,051,143 shares of the stock were exchanged, compared to its average volume of 3,278,161. The firm’s 50-day moving average is $124.60 and its 200-day moving average is $121.02. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.22 and a beta of 0.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.37 earnings per share. On average, equities research analysts expect that CF Industries will post 13.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CF. Annis Gardner Whiting Capital Advisors LLC lifted its stake in CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 84 shares during the last quarter. Eley Financial Management Inc increased its position in CF Industries by 0.6% during the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after buying an additional 87 shares during the last quarter. Personal CFO Solutions LLC increased its position in CF Industries by 1.1% during the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock worth $1,062,000 after buying an additional 89 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in CF Industries by 6.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after buying an additional 97 shares during the period. Finally, Altshuler Shaham Ltd raised its stake in CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after buying an additional 112 shares during the period. Institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.