CF Industries (NYSE:CF) Price Target Raised to $113.00 at Wells Fargo & Company

CF Industries (NYSE:CF) had its price target increased by equities researchers at Wells Fargo & Company from $100.00 to $113.00 in a research report issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.36% from the company’s previous close.

Several other brokerages have also commented on CF. BNP Paribas Exane lifted their price objective on shares of CF Industries from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Scotiabank decreased their price target on shares of CF Industries from $90.00 to $82.00 and set a “sector perform” rating on the stock in a report on Monday, February 2nd. Royal Bank Of Canada raised their price objective on shares of CF Industries from $90.00 to $95.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Bank of America dropped their target price on CF Industries from $83.00 to $78.00 and set an “underperform” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.07.

CF Industries Price Performance

Shares of NYSE CF traded up $1.11 during midday trading on Friday, reaching $100.57. The company’s stock had a trading volume of 138,701 shares, compared to its average volume of 2,353,502. The business’s 50 day moving average price is $86.15 and its two-hundred day moving average price is $85.14. The company has a market cap of $15.69 billion, a P/E ratio of 11.10 and a beta of 0.70. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $105.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.53 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.78 billion. CF Industries had a return on equity of 19.95% and a net margin of 20.54%.The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. On average, analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

A number of hedge funds have recently modified their holdings of CF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CF Industries by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock worth $1,368,000 after acquiring an additional 518 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CF Industries by 161.1% in the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after purchasing an additional 7,324 shares in the last quarter. Woodline Partners LP boosted its stake in shares of CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 4,252 shares in the last quarter. Focus Partners Wealth boosted its position in shares of CF Industries by 21.8% in the 1st quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after buying an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of CF Industries by 141.6% during the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 463 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.