CF Industries (NYSE:CF) Stock Price Target Lowered at Freedom Broker

Key Points

• Freedom Broker lowered CF Industries’ price target from $133 to $129 while maintaining a “hold” rating, implying 7.28% potential upside from the reported $120.25 share price.
• Analyst sentiment remains mixed but centers on “Hold”: CF Industries has a consensus target price of $122.65, based on 2 Strong Buy, 6 Buy, 12 Hold, and 3 Sell ratings.
• The stock fell 2.5% during Monday trading, while the company’s latest quarterly results missed analyst expectations, with EPS of $4.73 versus a $5.63 consensus and revenue of $2.22 billion versus $2.45 billion expected.

CF Industries (NYSE:CF - Get Free Report) had its price target lowered by equities research analysts at Freedom Broker from $133.00 to $129.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the basic materials company's stock. Freedom Broker's price objective would indicate a potential upside of 7.28% from the company's current price.

A number of other analysts have also recently weighed in on the stock. Scotiabank raised their price objective on shares of CF Industries from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Truist Financial set a $129.00 target price on shares of CF Industries in a research report on Monday. Sanford C. Bernstein started coverage on shares of CF Industries in a research note on Friday, September 25th. They set an "outperform" rating and a $162.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of CF Industries from $125.00 to $115.00 and set a "sector perform" rating for the company in a research report on Friday, July 17th. Finally, KeyCorp initiated coverage on shares of CF Industries in a research note on Thursday, September 10th. They issued an "underweight" rating and a $115.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $122.65.

CF Industries Stock Down 2.5%

CF Industries stock traded down $3.05 during midday trading on Monday, reaching $120.25. The company's stock had a trading volume of 2,365,458 shares, compared to its average volume of 3,184,885. CF Industries has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $18.20 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.24 and a beta of 0.54. The business has a 50-day simple moving average of $123.47 and a 200-day simple moving average of $115.96.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 earnings per share. On average, research analysts expect that CF Industries will post 13.68 earnings per share for the current fiscal year.

Institutional Trading of CF Industries

Large investors have recently bought and sold shares of the business. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of CF Industries in the first quarter valued at about $25,000. Virtus Advisers LLC purchased a new stake in CF Industries during the 2nd quarter valued at approximately $25,000. Continuum Advisory LLC purchased a new stake in CF Industries during the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in CF Industries during the 2nd quarter worth approximately $29,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in CF Industries during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 93.06% of the company's stock.

CF Industries Company Profile

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

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