CF Industries (NYSE:CF) Price Target Cut to $133.00 by Analysts at UBS Group

Key Points

• UBS lowered its CF Industries price target from $134 to $133 and maintained a neutral rating, implying about 8% upside from the stock’s then-current price.
• Analyst sentiment is mixed but leans toward holding: MarketBeat reported a consensus Hold rating and an average price target of $123.30, based on one Strong Buy, six Buy, twelve Hold, and three Sell ratings.
• CF Industries’ latest quarterly results beat revenue expectations at $1.86 billion, up 12.1% year over year, but EPS of $2.87 fell short of the $3.00 consensus estimate.

CF Industries (NYSE:CF - Get Free Report) had its price target decreased by investment analysts at UBS Group from $134.00 to $133.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. UBS Group's target price points to a potential upside of 7.95% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of CF Industries from $125.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, October 23rd. Weiss Ratings upgraded CF Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 16th. KeyCorp began coverage on CF Industries in a report on Thursday, September 10th. They issued an "underweight" rating and a $115.00 target price for the company. set a $115.00 price target on CF Industries and gave the company a "sector perform" rating in a research report on Monday, October 5th. Finally, Scotiabank lifted their price target on CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $123.30.

CF Industries Stock Up 0.7%

Shares of NYSE CF traded up $0.85 during trading on Wednesday, hitting $123.21. The stock had a trading volume of 788,763 shares, compared to its average volume of 3,167,180. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.98 and a quick ratio of 2.68. The company has a market capitalization of $18.02 billion, a PE ratio of 8.69, a PEG ratio of 0.24 and a beta of 0.54. The firm has a fifty day moving average of $122.17 and a two-hundred day moving average of $117.04.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.87 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by ($0.13). CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $2.19 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries will post 13.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of CF Industries by 20,006.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 150,194 shares of the basic materials company's stock valued at $19,025,000 after buying an additional 149,447 shares during the last quarter. Vann Equity Management LLC grew its stake in shares of CF Industries by 127.3% during the 3rd quarter. Vann Equity Management LLC now owns 8,797 shares of the basic materials company's stock worth $1,071,000 after acquiring an additional 4,926 shares during the period. Farther Finance Advisors LLC grew its stake in shares of CF Industries by 2,298.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 97,462 shares of the basic materials company's stock worth $12,297,000 after acquiring an additional 93,399 shares during the period. GAMMA Investing LLC grew its stake in shares of CF Industries by 616.6% during the 3rd quarter. GAMMA Investing LLC now owns 54,379 shares of the basic materials company's stock worth $6,797,000 after acquiring an additional 46,790 shares during the period. Finally, Saudi Central Bank increased its holdings in CF Industries by 86.8% in the 2nd quarter. Saudi Central Bank now owns 10,753 shares of the basic materials company's stock worth $1,164,000 after acquiring an additional 4,996 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

About CF Industries

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.

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