JPMorgan Chase & Co. Cuts CF Industries (NYSE:CF) Price Target to $80.00

CF Industries (NYSE:CF) had its price target reduced by JPMorgan Chase & Co. from $87.00 to $80.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the basic materials company’s stock.

Several other research analysts have also recently issued reports on CF. UBS Group cut their target price on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada decreased their price objective on shares of CF Industries from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 10th. Scotiabank upped their price objective on shares of CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, Mizuho cut their target price on CF Industries from $92.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CF Industries has an average rating of “Hold” and a consensus target price of $91.69.

CF Industries Stock Up 0.3%

Shares of NYSE:CF opened at $86.84 on Thursday. The stock has a market capitalization of $13.55 billion, a P/E ratio of 10.46 and a beta of 0.69. The stock’s 50-day moving average price is $79.73 and its 200-day moving average price is $85.25. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45.

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

Institutional Trading of CF Industries

Several large investors have recently bought and sold shares of CF. Trust Co. of Toledo NA OH purchased a new position in shares of CF Industries in the 2nd quarter valued at approximately $26,000. Harbor Capital Advisors Inc. raised its holdings in CF Industries by 78.0% in 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 in the last quarter. True Wealth Design LLC lifted 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 valued at $35,000 after buying an additional 309 shares during the period. Eastern Bank purchased a new position in CF Industries during the third quarter valued at $35,000. Finally, Peterson Wealth Services boosted its holdings in shares of CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after buying an additional 361 shares in the last quarter. 93.06% of the stock is owned by institutional investors.

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.