CF Industries’ performance
CF Industries (CF) has managed to deliver a strong performance over the last month, rising 12.5% as of October 16, 2017. The strength in CF stock may have been driven by improving nitrogen economics in North America. With fewer nitrogen products coming out of China, North American producers (XLB) such as CF Industries, Terra Nitrogen (TNH), PotashCorp (POT), and Agrium (AGU) stand to benefit.
CF Industries is expected to announce its earnings on November 1, 2017.
Similar to the fertilizer companies covered so far in this series, CF Industries has an additional analyst covering the stock this month, taking the total count to 17.
The current consensus analyst rating on CF Industries is 2.6 with an overall “hold” recommendation. Of the 17 analysts, two have a “strong buy” on the stock, which is unchanged from last month. Four analysts have a “buy” recommendation, which is the same as September.
Ten analysts have a “hold” recommendation for CF stock compared to nine in September. One analyst has a “sell” recommendation on the stock.
The consensus price target for CF Industries for the next 12 months is $33.40 as of October 16, 2017. That’s lower than the closing price of $36.90 that day. However, it’s 7.0% higher than $31.30 in September.
Next, we’ll take a look at Monsanto’s (MON) analyst ratings.