uploads/2018/10/CF-Industries-Analysts-NTM-Recommendation-and-Target-2018-10-02-1.jpg

CF Industries: UBS Raised the Target Price

By

Updated

CF Industries

On October 2, CF Industries (CF) received a target price upgrade from UBS. The stock gained ~1.8% and rose to $55.8 during the day. CF Industries has benefited from higher nitrogen fertilizer prices and low natural gas costs in the United States (MOO), which served as a tailwind. These factors also hold true for companies like Nutrien (NTR), CVR Partners (UAN), and Mosaic (MOS).

Article continues below advertisement

Target price

UBS raised its target price on CF Industries to $62 from $58. CF Industries stock hit a three-year high at $55.7. Overall, the consensus target price for CF Industries stood at an average of $51.8, which was up from $49.5 in September. The median target price also increased to $52 from $50 a month ago. These target prices were almost 7% and 11% lower than the closing on October 2, respectively.

Recommendations

Currently, the consensus recommendation for CF Industries was a “hold” with a rating of 2.6, which remained unchanged from the previous month. One analyst continued to have a “strong buy” recommendation on the stock, while seven analysts had a “buy” recommendation on the company for the next 12 months. During the same period, ten analysts maintained a “hold” recommendation, while one analyst maintained a “sell” on the stock.

Next, we’ll discuss analysts’ ratings and target price for Mosaic.

Advertisement

More From Market Realist