Royal Bank Of Canada Issues Positive Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price target raised by equities researchers at Royal Bank Of Canada from $90.00 to $95.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 7.80% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. JPMorgan Chase & Co. reduced their target price on shares of CF Industries from $87.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. UBS Group decreased their price target on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Zacks Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, BNP Paribas Exane reduced their price objective on CF Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.00.

CF Industries Stock Performance

NYSE:CF opened at $88.13 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. The stock has a market capitalization of $13.75 billion, a P/E ratio of 10.62 and a beta of 0.69. The company has a 50 day moving average price of $79.81 and a 200 day moving average price of $85.14. 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 quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS 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 business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. Equities research analysts forecast 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 modified their holdings of CF. State Street Corp raised its stake in CF Industries by 2.1% in the second quarter. State Street Corp now owns 7,982,072 shares of the basic materials company’s stock valued at $734,351,000 after buying an additional 165,833 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of CF Industries by 10.6% during 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 in the last quarter. Boston Partners increased its stake 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 valued at $321,852,000 after purchasing an additional 476,769 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of CF Industries by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock valued at $300,602,000 after buying an additional 63,938 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in CF Industries by 22.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock valued at $281,104,000 after acquiring an additional 568,710 shares during 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.