Scotiabank Boosts CF Industries (NYSE:CF) Price Target to $85.00

CF Industries (NYSE:CF) had its price objective boosted by equities researchers at Scotiabank from $82.00 to $85.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price target indicates a potential downside of 12.42% from the stock’s current price.

CF has been the subject of several other reports. UBS Group lowered their target price on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their target price on CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $100.00 price target on shares of CF Industries in a research report on Friday. BMO Capital Markets lifted their target price on CF Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, CF Industries has an average rating of “Hold” and an average price target of $94.80.

CF Industries Stock Performance

Shares of NYSE:CF opened at $97.05 on Monday. CF Industries has a 12 month low of $67.34 and a 12 month high of $105.27. The company has a current ratio of 3.37, a quick ratio of 2.93 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 10.84 and a beta of 0.70. The firm’s 50-day moving average is $86.51 and its 200 day moving average is $85.08.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.53 by $0.06. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $1.89 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. Research analysts predict that CF Industries will post 5.83 EPS for the current year.

Hedge Funds Weigh In On CF Industries

A number of institutional investors and hedge funds have recently made changes to their positions in CF. State Street Corp increased its position in CF Industries by 2.1% during the second quarter. State Street Corp now owns 7,982,072 shares of the basic materials company’s stock worth $734,351,000 after buying an additional 165,833 shares during the period. Victory Capital Management Inc. lifted its stake in shares of CF Industries by 10.6% in the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after acquiring an additional 480,126 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of CF Industries by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after buying an additional 1,178,516 shares in the last quarter. Boston Partners raised its position in CF Industries by 15.3% in the third quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock worth $321,852,000 after acquiring an additional 476,769 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CF Industries by 12.0% in the fourth quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after acquiring an additional 381,716 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

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.