CF Industries (CF) closed at $27.3 per share on June 9, which was 13.4% lower than its levels at the beginning of this year. CF Industries produces only nitrogen fertilizers and continues to remain under pressure from weak fertilizer prices (MOO). The nitrogen fertilizer segments of PotashCorp (POT), Agrium (AGU), and Terra Nitrogen (TNH) continue to suffer due to the same reasons.
You can learn more about what drives CF Industries in An In-Depth Analysis of CF Industries and Its 2017 Outlook.
Similar to other stocks we’ve discussed, recommendations for CF Industries have also remained unchanged. Out of the 18 analysts surveyed, two analysts had a “strong buy” on the stock, and six had a “buy” on the stock. A total of nine analysts had a “hold” recommendation, while only one analyst had a “sell” recommendation on CF Industries for the next 12 months.
In February, the consensus price target was at a peak of $33.8 per share, which was revised lower in the following months. The next-12-month consensus price target on CF Industries stood at $30.9 as of June 9, 2017. The current price target would give about a 13.6% upside on the stock over the next 12 months if the current price were to converge to the target price.
Next, we’ll discuss Monsanto.