CF Industries (NYSE:CF) Price Target Cut to $115.00 by Analysts at Morgan Stanley

CF Industries (NYSE:CF) had its target price dropped by equities researchers at Morgan Stanley from $135.00 to $115.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price indicates a potential upside of 1.57% from the company’s current price.

Several other brokerages also recently weighed in on CF. Zacks Research downgraded CF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. The Goldman Sachs Group decreased their price objective on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Royal Bank Of Canada upped their target price on CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Finally, Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.25.

CF Industries Stock Performance

Shares of NYSE CF opened at $113.22 on Tuesday. The company has a 50-day simple moving average of $115.07 and a 200-day simple moving average of $106.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The company has a market cap of $17.39 billion, a PE ratio of 10.17 and a beta of 0.40. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries in the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd increased its stake in shares of CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after buying an additional 112 shares during the last quarter. Stance Capital LLC acquired a new stake in CF Industries in the third quarter valued at $42,000. MUFG Securities EMEA plc acquired a new stake in CF Industries in the second quarter valued at $44,000. Finally, Hantz Financial Services Inc. boosted its stake in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Company Profile

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.