CF Industries (NYSE:CF) Given a $115.00 Price Target by RBC Dominion Securities Analysts

Key Points

• RBC Dominion Securities set a $115 price target on CF Industries with a “sector perform” rating, implying 1.39% downside from the stock’s quoted $116.62 price. Analysts overall maintain a consensus “Hold” rating and an average target of $120.79.
• CF Industries’ latest quarterly results missed expectations, reporting $4.73 in EPS versus the $5.63 consensus and revenue of $2.22 billion versus $2.45 billion expected, despite revenue growth of 17.6% year over year.
• Institutional investors and hedge funds own 93.06% of CF Industries, with several firms increasing their stakes during the third quarter.

CF Industries (NYSE:CF - Get Free Report) has been given a $115.00 price target by analysts at RBC Dominion Securities in a research report issued on Monday, BayStreet reports. The brokerage currently has a "sector perform" rating on the basic materials company's stock. RBC Dominion Securities' price target would indicate a potential downside of 1.39% from the company's current price.

Several other research analysts have also issued reports on the company. Rothschild & Co Redburn upgraded CF Industries from a "sell" rating to a "neutral" rating and raised their price target for the stock from $98.00 to $110.00 in a research report on Monday, September 28th. Wall Street Zen downgraded CF Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. BMO Capital Markets cut their target price on CF Industries from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 30th. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Finally, UBS Group boosted their target price on CF Industries from $115.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $120.79.

CF Industries Trading Up 1.4%

Shares of CF traded up $1.61 on Monday, reaching $116.62. 1,051,143 shares of the company's stock were exchanged, compared to its average volume of 3,278,161. The business has a 50 day moving average price of $124.60 and a two-hundred day moving average price of $121.02. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The stock has a market capitalization of $17.65 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. CF Industries's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 earnings per share. Research analysts anticipate that CF Industries will post 13.9 earnings per share for the current year.

Institutional Trading of CF Industries

Hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in CF Industries by 20,006.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company's stock valued at $19,025,000 after acquiring an additional 149,447 shares during the period. Polaris Financial Partners bought a new stake in CF Industries during the 3rd quarter worth approximately $126,000. CX Institutional increased its stake in CF Industries by 88.0% during the 3rd quarter. CX Institutional now owns 79,982 shares of the basic materials company's stock worth $9,494,000 after purchasing an additional 37,437 shares in the last quarter. Private Client Services LLC raised its holdings in CF Industries by 4.5% during the 3rd quarter. Private Client Services LLC now owns 3,577 shares of the basic materials company's stock worth $412,000 after buying an additional 153 shares during the period. Finally, Montecito Bank & Trust lifted its stake in CF Industries by 169.2% in the third quarter. Montecito Bank & Trust now owns 15,566 shares of the basic materials company's stock valued at $1,906,000 after buying an additional 9,783 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 NYSE: CF is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.

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