CF Industries Holdings Inc (CF): Not A Time To Panic Nor Freeze

CF Industries Holdings Inc (CF) concluded trading on Thursday at a closing price of $79.59, with 4.19 million shares of worth about $333.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.04% during that period and on April 18, 2024 the price saw a gain of about 2.30%. Currently the company’s common shares owned by public are about 188.19M shares, out of which, 186.49M shares are available for trading.

Stock saw a price change of -1.55% in past 5 days and over the past one month there was a price change of -7.76%. Year-to-date (YTD), CF shares are showing a performance of 0.11% which increased to 6.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.08 but also hit the highest price of $87.90 during that period. The average intraday trading volume for CF Industries Holdings Inc shares is 2.61 million. The stock is currently trading -3.01% below its 20-day simple moving average (SMA20), while that difference is down -1.95% for SMA50 and it goes to 0.05% higher than SMA200.

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CF Industries Holdings Inc (NYSE: CF) currently have 188.19M outstanding shares and institutions hold larger chunk of about 95.48% of that.

The stock has a current market capitalization of $14.94B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 10.16, while it has posted earnings per share of $7.83 in the same period. It has Quick Ratio of 3.44 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CF, volatility over the week remained 2.34% while standing at 2.55% over the month.

Stock’s fiscal year EPS is expected to drop by -25.58% while it is estimated to decrease by -6.63% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on April 10, 2024 offering a Neutral rating for the stock and assigned a target price range of between $96 and $88 to it. Coverage by Wolfe Research stated CF Industries Holdings Inc (CF) stock as an Outperform in their note to investors on March 01, 2024, suggesting a price target of $99 for the stock. On February 29, 2024, Piper Sandler Downgrade their recommendations, while on January 31, 2024, UBS Downgrade their ratings for the stock with a price target of $83. Stock get an Equal weight rating from Barclays on January 12, 2024.

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