CF Industries (NYSE:CF) Price Target Raised to $49.00 at Stifel Nicolaus

CF Industries (NYSE:CF) had its price target upped by research analysts at Stifel Nicolaus from $46.00 to $49.00 in a research report issued on Thursday, November 7th, Stock Target Advisor reports. The firm presently has a “hold” rating on the basic materials company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 6.68% from the stock’s current price.

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Several other equities research analysts have also issued reports on CF. Rowe lifted their price objective on shares of CF Industries from $56.00 to $66.00 and gave the company a “positive” rating in a research note on Tuesday, August 6th. Scotiabank lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $48.00 price objective for the company. in a research note on Wednesday, September 18th. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Monday, November 4th. Royal Bank of Canada reduced their price objective on shares of CF Industries from $48.00 to $44.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, Consumer Edge began coverage on shares of CF Industries in a research report on Monday, September 23rd. They set an “overweight” rating for the company. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.89.

CF Industries stock traded down $0.43 during mid-day trading on Thursday, hitting $45.93. The company’s stock had a trading volume of 1,061,541 shares, compared to its average volume of 2,218,753. CF Industries has a twelve month low of $38.90 and a twelve month high of $55.15. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.08 billion, a P/E ratio of 37.04, a P/E/G ratio of 3.30 and a beta of 0.95. The stock’s fifty day moving average price is $47.70 and its two-hundred day moving average price is $46.64.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). CF Industries had a net margin of 10.42% and a return on equity of 7.98%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities analysts expect that CF Industries will post 2.34 earnings per share for the current year.

In other CF Industries news, VP Bert A. Frost sold 21,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.21, for a total transaction of $1,012,410.00. Following the sale, the vice president now directly owns 103,072 shares of the company’s stock, valued at $4,969,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $47.50, for a total transaction of $166,250.00. Following the sale, the director now directly owns 49,187 shares in the company, valued at $2,336,382.50. The disclosure for this sale can be found here. In the last three months, insiders sold 119,743 shares of company stock worth $5,770,325. 2.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in CF. Schroder Investment Management Group lifted its holdings in CF Industries by 2.1% in the second quarter. Schroder Investment Management Group now owns 9,653 shares of the basic materials company’s stock valued at $451,000 after buying an additional 194 shares during the period. CSat Investment Advisory L.P. raised its holdings in CF Industries by 27.5% in the second quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 218 shares during the period. World Asset Management Inc raised its holdings in CF Industries by 1.4% in the third quarter. World Asset Management Inc now owns 16,737 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 228 shares during the period. JNBA Financial Advisors raised its holdings in CF Industries by 0.5% in the second quarter. JNBA Financial Advisors now owns 47,130 shares of the basic materials company’s stock worth $2,201,000 after purchasing an additional 250 shares during the period. Finally, Green Square Asset Management LLC raised its holdings in CF Industries by 2.5% in the second quarter. Green Square Asset Management LLC now owns 11,153 shares of the basic materials company’s stock worth $521,000 after purchasing an additional 267 shares during the period. Institutional investors own 92.22% of the company’s stock.

About CF Industries

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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