The Goldman Sachs Group Lowers CF Industries (NYSE:CF) Price Target to $90.00

CF Industries (NYSE:CF) had its price objective decreased by analysts at The Goldman Sachs Group from $94.00 to $90.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has a “neutral” rating on the basic materials company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 14.01% from the company’s current price.

Other equities research analysts have also issued reports about the company. Bank of America lifted their price objective on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 14th. BNP Paribas Exane dropped their price target on CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Rothschild & Co Redburn lifted their price target on shares of CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. CIBC began coverage on shares of CF Industries in a research report on Tuesday, December 2nd. They set a “neutral” rating and a $87.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.31.

CF Industries Price Performance

CF stock opened at $78.94 on Tuesday. The firm’s 50-day moving average price is $81.96 and its two-hundred day moving average price is $87.56. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 9.51 and a beta of 0.68. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. CF Industries’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, equities analysts predict that CF Industries will post 5.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CF. Ensign Peak Advisors Inc lifted its holdings in shares of CF Industries by 24.4% during the second quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after purchasing an additional 18,666 shares during the last quarter. Talaria Asset Management Pty Ltd raised its stake in CF Industries by 77.0% during the first quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after buying an additional 254,000 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in CF Industries by 5.9% during the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock valued at $25,442,000 after buying an additional 15,291 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in CF Industries in the first quarter worth $849,000. Finally, Foster & Motley Inc. grew its stake in shares of CF Industries by 131.4% in the second quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock worth $3,020,000 after acquiring an additional 18,640 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

About CF Industries

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.