The Goldman Sachs Group Issues Pessimistic Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price objective lowered by equities researchers at The Goldman Sachs Group from $133.00 to $115.00 in a 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 target price indicates a potential upside of 12.51% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Scotiabank lifted their price target on CF Industries from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. HSBC lowered their price target on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Freedom Capital upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Berenberg Bank lifted their price objective on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, BMO Capital Markets increased their target price on shares of CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.50.

CF Industries Stock Down 1.3%

NYSE CF traded down $1.38 on Tuesday, reaching $102.22. 105,824 shares of the stock traded hands, compared to its average volume of 3,734,299. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 9.22 and a beta of 0.38. The company has a fifty day moving average price of $117.71 and a 200-day moving average price of $104.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $1.85 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that CF Industries will post 15.6 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC increased its position in CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 84 shares during the period. Eley Financial Management Inc grew its position in CF Industries by 0.6% during the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after buying an additional 87 shares during the period. Personal CFO Solutions LLC lifted its position in shares of CF Industries by 1.1% during the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after acquiring an additional 89 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of CF Industries by 6.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 97 shares during the period. Finally, Lakewood Asset Management LLC increased its stake in CF Industries by 0.9% in the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.