BMO Capital Markets Increases CF Industries (NYSE:CF) Price Target to $100.00

CF Industries (NYSE:CF) had its target price upped by equities research analysts at BMO Capital Markets from $95.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target points to a potential upside of 25.33% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Bank of America boosted their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday. Berenberg Bank boosted their price objective on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Wells Fargo & Company reduced their target price on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Scotiabank dropped their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Monday, May 6th. Finally, Barclays reduced their price objective on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.91.

CF Industries Price Performance

NYSE CF traded up $0.26 on Friday, hitting $79.79. 1,554,091 shares of the company were exchanged, compared to its average volume of 2,275,662. CF Industries has a 1-year low of $69.13 and a 1-year high of $87.90. The firm has a 50 day moving average of $73.94 and a two-hundred day moving average of $77.48. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The company has a market cap of $14.58 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.44 and a beta of 0.95.

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

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at about $9,480,000. Prime Capital Investment Advisors LLC bought a new stake in CF Industries in the 4th quarter valued at approximately $359,000. Mirae Asset Global Investments Co. Ltd. boosted its position in CF Industries by 3.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,797 shares of the basic materials company’s stock worth $3,720,000 after acquiring an additional 1,539 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of CF Industries by 8.6% during the 4th quarter. Bleakley Financial Group LLC now owns 2,948 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 234 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CF Industries in the fourth quarter valued at approximately $29,000. 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.