CF Industries (NYSE:CF) Given New $92.00 Price Target at Wells Fargo & Company

CF Industries (NYSE:CF) had its price objective boosted by Wells Fargo & Company from $88.00 to $92.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 8.41% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CF. UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $90.00 in a research note on Friday, August 16th. Royal Bank of Canada raised their price target on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Scotiabank raised their price target on CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Finally, Bank of America raised their price objective on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.73.

CF Industries Stock Up 1.9 %

CF Industries stock traded up $1.59 during mid-day trading on Tuesday, hitting $84.86. The company’s stock had a trading volume of 599,676 shares, compared to its average volume of 2,162,649. The firm’s 50 day moving average is $78.04 and its 200 day moving average is $77.94. The company has a market cap of $15.51 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. CF Industries has a 52-week low of $69.13 and a 52-week high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $2.70 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, analysts anticipate that CF Industries will post 5.83 earnings per share for the current year.

Institutional Trading of CF Industries

Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in CF Industries by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 25,641 shares of the basic materials company’s stock valued at $2,038,000 after buying an additional 219 shares in the last quarter. Corient Private Wealth LLC boosted its stake in CF Industries by 5.0% in the 4th quarter. Corient Private Wealth LLC now owns 16,156 shares of the basic materials company’s stock valued at $1,284,000 after buying an additional 765 shares in the last quarter. Assetmark Inc. boosted its stake in CF Industries by 75.7% in the 4th quarter. Assetmark Inc. now owns 1,833 shares of the basic materials company’s stock valued at $146,000 after buying an additional 790 shares in the last quarter. US Bancorp DE boosted its stake in CF Industries by 1.7% in the 4th quarter. US Bancorp DE now owns 11,396 shares of the basic materials company’s stock valued at $906,000 after buying an additional 188 shares in the last quarter. Finally, Commerce Bank boosted its stake in CF Industries by 27.2% in the 4th quarter. Commerce Bank now owns 14,390 shares of the basic materials company’s stock valued at $1,144,000 after buying an additional 3,079 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.