CF Industries (NYSE:CF) Price Target Lowered to $90.00 at The Goldman Sachs Group

CF Industries (NYSE:CF) had its target price reduced by stock analysts at The Goldman Sachs Group from $94.00 to $90.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 14.70% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company started coverage on shares of CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target for the company. Rothschild & Co Redburn raised their price objective on shares of CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. Zacks Research lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. BNP Paribas Exane cut their target price on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Finally, Scotiabank raised their price target on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.31.

CF Industries Stock Performance

NYSE CF opened at $78.47 on Tuesday. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 9.45 and a beta of 0.68. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $82.48 and a 200-day moving average of $87.71. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, analysts predict that CF Industries will post 5.83 earnings per share for the current fiscal year.

Institutional Trading of CF Industries

Several hedge funds have recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH acquired a new stake in CF Industries in the 2nd quarter valued at $26,000. Harbor Capital Advisors Inc. increased its holdings in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. True Wealth Design LLC lifted its position in CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 309 shares during the last quarter. Eastern Bank acquired a new position in CF Industries in the 3rd quarter valued at $35,000. Finally, Peterson Wealth Services lifted its position in shares of CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 361 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.