CF Industries (NYSE:CF) Price Target Raised to $92.00 at Wells Fargo & Company

CF Industries (NYSE:CF) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $88.00 to $92.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.41% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CF. BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Scotiabank boosted their target price on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their target price on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Barclays upgraded CF Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, August 16th. Finally, UBS Group boosted their target price on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.73.

CF Industries Price Performance

CF traded up $1.59 during trading on Tuesday, hitting $84.86. The company’s stock had a trading volume of 599,676 shares, compared to its average volume of 2,162,649. The firm’s 50 day moving average price is $78.04 and its two-hundred day moving average price is $77.94. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. CF Industries has a 12 month low of $69.13 and a 12 month high of $87.90. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $2.70 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts forecast that CF Industries will post 5.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its stake in CF Industries by 7.4% in the fourth quarter. Allianz Asset Management GmbH now owns 590,213 shares of the basic materials company’s stock valued at $46,922,000 after acquiring an additional 40,721 shares during the period. Councilmark Asset Management LLC acquired a new position in CF Industries in the first quarter valued at about $1,251,000. Hsbc Holdings PLC grew its stake in CF Industries by 9.7% in the fourth quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock valued at $36,400,000 after acquiring an additional 40,396 shares during the period. Quantbot Technologies LP acquired a new position in CF Industries in the first quarter valued at about $610,000. Finally, Guidance Capital Inc. acquired a new position in CF Industries in the first quarter valued at about $863,000. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.