UBS Group Increases CF Industries (NYSE:CF) Price Target to $80.00

CF Industries (NYSE:CF) had its price objective lifted by stock analysts at UBS Group from $78.00 to $80.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target would indicate a potential upside of 0.26% from the stock’s previous close.

Several other brokerages also recently issued reports on CF. Royal Bank of Canada reduced their price target on shares of CF Industries from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Wells Fargo & Company reduced their price target on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. BMO Capital Markets cut their target price on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Scotiabank cut their target price on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Finally, Bank of America restated a “neutral” rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $83.91.

CF Industries Price Performance

Shares of NYSE:CF traded up $0.26 on Thursday, hitting $79.79. The stock had a trading volume of 1,554,091 shares, compared to its average volume of 2,275,662. CF Industries has a twelve month low of $69.13 and a twelve month high of $87.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. The firm’s 50 day moving average price is $73.94 and its 200-day moving average price is $77.48. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, equities research analysts predict that CF Industries will post 5.18 earnings per share for the current year.

Institutional Investors Weigh In On CF Industries

Large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. lifted its holdings in CF Industries by 1,186.2% during the 2nd quarter. Edgestream Partners L.P. now owns 37,738 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 34,804 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in CF Industries by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after purchasing an additional 198,246 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in CF Industries by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock valued at $20,800,000 after purchasing an additional 21,766 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in CF Industries by 32.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,063 shares of the basic materials company’s stock worth $449,000 after buying an additional 1,502 shares during the period. Finally, Vest Financial LLC increased its position in CF Industries by 41.6% during the 2nd quarter. Vest Financial LLC now owns 311,849 shares of the basic materials company’s stock worth $23,114,000 after buying an additional 91,670 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.