CF Industries (NYSE:CF) Price Target Raised to $98.00

CF Industries (NYSE:CF - Get Free Report) had its target price lifted by investment analysts at Wells Fargo & Company from $96.00 to $98.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 17.54% from the stock's previous close.

A number of other equities analysts also recently issued reports on CF. Royal Bank of Canada lowered their price objective on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Barclays lowered their target price on CF Industries from $95.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Oppenheimer lowered CF Industries from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 22nd. UBS Group boosted their price objective on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $89.93.

CF Industries Stock Up 1.2%

CF traded up $0.97 during midday trading on Monday, hitting $83.38. 1,637,491 shares of the company's stock traded hands, compared to its average volume of 2,116,134. The company has a market cap of $14.14 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94. The stock's fifty day simple moving average is $76.46 and its 200-day simple moving average is $83.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries has a one year low of $67.34 and a one year high of $98.25.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities analysts anticipate that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries declared that its board has authorized a stock repurchase plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 14.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CF. Checchi Capital Advisers LLC increased its position in CF Industries by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company's stock worth $221,000 after purchasing an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in CF Industries by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company's stock worth $495,000 after purchasing an additional 120 shares during the period. Brooklyn Investment Group boosted its holdings in CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company's stock worth $49,000 after buying an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in CF Industries by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company's stock worth $602,000 after buying an additional 126 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in CF Industries by 4.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 126 shares in the last quarter. 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.

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