CF Industries (NYSE:CF) Price Target Cut to $80.00 by Analysts at Morgan Stanley

CF Industries (NYSE:CF - Get Free Report) had its price target cut by equities research analysts at Morgan Stanley from $85.00 to $80.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the basic materials company's stock. Morgan Stanley's target price points to a potential upside of 7.93% from the company's previous close.

CF has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of CF Industries from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Oppenheimer lowered their target price on shares of CF Industries from $114.00 to $111.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada dropped their price target on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on CF Industries in a research note on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price for the company. Finally, Piper Sandler lifted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $88.47.

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CF Industries Price Performance

Shares of CF Industries stock traded up $1.00 during trading hours on Friday, reaching $74.12. The company's stock had a trading volume of 1,729,196 shares, compared to its average volume of 2,097,496. The stock has a market cap of $12.57 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The firm has a 50 day moving average price of $77.35 and a 200-day moving average price of $84.24. CF Industries has a one year low of $67.34 and a one year high of $98.25.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts predict that CF Industries will post 5.83 EPS for the current year.

Institutional Trading of CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in CF Industries by 6.6% during the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock worth $753,429,000 after purchasing an additional 543,876 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after buying an additional 225,109 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of CF Industries by 7.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company's stock valued at $382,901,000 after buying an additional 299,173 shares during the period. First Trust Advisors LP lifted its holdings in CF Industries by 3.5% in the fourth quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company's stock valued at $377,585,000 after acquiring an additional 150,461 shares during the last quarter. Finally, Boston Partners lifted its holdings in CF Industries by 7.0% in the fourth quarter. Boston Partners now owns 3,316,616 shares of the basic materials company's stock valued at $283,044,000 after acquiring an additional 216,395 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

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.