The Goldman Sachs Group Cuts CF Industries (NYSE:CF) Price Target to $115.00

CF Industries (NYSE:CF) had its target price reduced by equities research analysts at The Goldman Sachs Group from $133.00 to $115.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 12.51% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Berenberg Bank lifted their target price on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. BNP Paribas Exane decreased their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, CF Industries has an average rating of “Hold” and an average price target of $118.50.

CF Industries Stock Down 1.3%

Shares of NYSE CF traded down $1.38 during midday trading on Tuesday, reaching $102.22. 105,824 shares of the company’s stock were exchanged, compared to its average volume of 3,734,299. The stock has a market capitalization of $15.70 billion, a PE ratio of 9.22 and a beta of 0.38. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The business’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $104.93.

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

Hedge Funds Weigh In On CF Industries

Several institutional investors and hedge funds have recently bought and sold shares of CF. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries during the first quarter worth approximately $25,000. Hantz Financial Services Inc. lifted its stake in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Stance Capital LLC acquired a new position in shares of CF Industries during the 3rd quarter worth $42,000. Eagle Bay Advisors LLC bought a new position in shares of CF Industries during the 4th quarter valued at $43,000. Finally, WPG Advisers LLC boosted its position in CF Industries by 69.8% during the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.