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Scotiabank Weighs in on CF Industries Holdings, Inc.'s FY2020 Earnings (NYSE:CF)

Last updated on Monday, October 19, 2020 | 2020 MarketBeat

CF Industries Holdings, Inc. (NYSE:CF) - Stock analysts at Scotiabank lifted their FY2020 EPS estimates for CF Industries in a note issued to investors on Wednesday, October 14th. Scotiabank analyst B. Isaacson now forecasts that the basic materials company will earn $1.76 per share for the year, up from their prior estimate of $1.50. Scotiabank has a "Sector Perform" rating on the stock. Scotiabank also issued estimates for CF Industries' Q1 2021 earnings at $0.23 EPS and FY2021 earnings at $1.64 EPS.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada dropped their price target on CF Industries from $38.00 to $32.00 and set a "sector perform" rating for the company in a research note on Wednesday, October 14th. Zacks Investment Research upgraded CF Industries from a "hold" rating to a "strong-buy" rating and set a $40.00 price target for the company in a research note on Tuesday, August 18th. HSBC lowered CF Industries from a "buy" rating to a "hold" rating and set a $36.00 target price for the company. in a research report on Thursday, September 17th. Citigroup raised CF Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $29.00 to $38.00 in a research report on Friday, August 7th. Finally, Morgan Stanley raised their target price on CF Industries from $31.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of "Hold" and an average price target of $40.75.

Shares of CF opened at $29.28 on Monday. CF Industries has a 52 week low of $19.73 and a 52 week high of $49.20. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 3.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.40 and a current ratio of 1.85. The stock has a fifty day moving average of $31.98 and a 200-day moving average of $30.16. CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.89 EPS for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.35. CF Industries had a return on equity of 6.76% and a net margin of 8.87%. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.14 billion.

Several institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of CF Industries by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 50,354 shares of the basic materials company's stock valued at $1,417,000 after buying an additional 317 shares during the period. Tocqueville Asset Management L.P. grew its stake in shares of CF Industries by 4.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 11,486 shares of the basic materials company's stock valued at $323,000 after buying an additional 541 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of CF Industries by 2.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 19,624 shares of the basic materials company's stock valued at $554,000 after buying an additional 558 shares during the period. Advisors Asset Management Inc. grew its stake in shares of CF Industries by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,472 shares of the basic materials company's stock valued at $576,000 after buying an additional 680 shares during the period. Finally, Shine Investment Advisory Services Inc. grew its stake in shares of CF Industries by 149.5% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,185 shares of the basic materials company's stock valued at $33,000 after buying an additional 710 shares during the period. Institutional investors own 92.09% of the company's stock.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Earnings History and Estimates for CF Industries (NYSE:CF)

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7 Stocks That Could Provide a Year-End Rally

It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.

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View the "7 Stocks That Could Provide a Year-End Rally".

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