CIBC Begins Coverage on CF Industries (NYSE:CF)

CIBC initiated coverage on shares of CF Industries (NYSE:CF - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a "neutral" rating and a $87.00 price target on the basic materials company's stock. CIBC's price objective would suggest a potential upside of 11.22% from the company's current price.

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Several other research firms have also issued reports on CF. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CF Industries in a research report on Monday, November 24th. Rothschild & Co Redburn increased their price target on CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. Royal Bank Of Canada lowered their price objective on CF Industries from $100.00 to $95.00 and set a "sector perform" rating for the company in a research note on Monday, November 10th. BNP Paribas Exane dropped their price objective on shares of CF Industries from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Monday, November 24th. Finally, Mizuho dropped their price target on shares of CF Industries from $100.00 to $92.00 and set a "neutral" rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, CF Industries presently has an average rating of "Hold" and an average target price of $93.88.

Get Our Latest Analysis on CF

CF Industries Stock Down 2.0%

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NYSE:CF traded down $1.58 during mid-day trading on Tuesday, hitting $78.23. The company had a trading volume of 310,375 shares, compared to its average volume of 2,661,079. The business has a fifty day simple moving average of $84.80 and a 200-day simple moving average of $88.48. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 10.21 and a beta of 0.89. CF Industries has a 1 year low of $67.34 and a 1 year high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. Equities analysts forecast that CF Industries will post 5.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CF Industries

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in shares of CF Industries in the second quarter valued at about $26,000. Harbor Capital Advisors Inc. raised its holdings in shares of 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 acquiring an additional 128 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries in the first quarter valued at about $27,000. True Wealth Design LLC boosted its position in CF Industries by 396.2% during the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company's stock worth $35,000 after acquiring an additional 309 shares during the last quarter. Finally, Eastern Bank bought a new position in CF Industries in the third quarter valued at $35,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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