CF Industries Holdings, Inc. (NYSE:CF) Given Average Recommendation of “Hold” by Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been given an average rating of “Hold” by the nineteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $92.6250.

Several research analysts recently weighed in on CF shares. Rothschild & Co Redburn boosted their target price on shares of CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. BNP Paribas Exane lifted their price target on shares of CF Industries from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday. HSBC reduced their price objective on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Scotiabank raised their target price on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company began coverage on CF Industries in a report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price target for the company.

CF Industries Stock Performance

CF Industries stock opened at $89.16 on Friday. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 10.74 and a beta of 0.69. The stock has a fifty day moving average of $80.14 and a two-hundred day moving average of $85.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.13. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. On average, analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

Institutional Trading of CF Industries

A number of hedge funds have recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH purchased a new position in shares of CF Industries during the 2nd quarter worth about $26,000. Harbor Capital Advisors Inc. increased its position in CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. True Wealth Design LLC increased its position in CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares during the last quarter. Eastern Bank purchased a new position in CF Industries during the third quarter worth approximately $35,000. Finally, Peterson Wealth Services boosted its holdings in shares of CF Industries by 451.3% in the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 361 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.