CF Industries (CF) Given a $40.00 Price Target by Credit Suisse Group Analysts
CF Industries (NYSE:CF) has been given a $40.00 price objective by analysts at Credit Suisse Group in a report released on Tuesday. The firm presently has a “hold” rating on the basic materials company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 1.74% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on CF Industries from $23.00 to $27.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 17th. Atlantic Securities cut CF Industries from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Zacks Investment Research cut CF Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets raised their target price on CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $28.00 target price on CF Industries and gave the company a “hold” rating in a research report on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.02.
Shares of CF Industries (CF) opened at $40.71 on Tuesday. The firm has a market capitalization of $9,500.00, a PE ratio of -22.25, a price-to-earnings-growth ratio of 27.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71. CF Industries has a 12-month low of $25.04 and a 12-month high of $43.98.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $733.63 million. CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. CF Industries’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. equities analysts anticipate that CF Industries will post -0.34 earnings per share for the current fiscal year.
In related news, VP Bert A. Frost sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now directly owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total transaction of $126,000.00. Following the completion of the transaction, the director now directly owns 50,854 shares in the company, valued at $1,830,744. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Saratoga Research & Investment Management purchased a new position in CF Industries in the 3rd quarter worth approximately $108,000. BT Investment Management Ltd purchased a new position in CF Industries in the 2nd quarter worth approximately $126,000. Steward Partners Investment Advisory LLC purchased a new position in CF Industries in the 3rd quarter worth approximately $183,000. Greenwood Capital Associates LLC purchased a new position in CF Industries in the 3rd quarter worth approximately $201,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in CF Industries by 101.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 7,250 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 3,650 shares in the last quarter.
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CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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