In a report released today, Charles Neivert from Cowen & Co. maintained a Buy rating on CF Industries (CF), with a price target of $56. The company’s shares opened today at $44.57.
According to TipRanks.com, Neivert is a 4-star analyst with an average return of 9.0% and a 57.2% success rate. Neivert covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Eastman Chemical, and LyondellBasell.
Currently, the analyst consensus on CF Industries is a Moderate Buy with an average price target of $52.50.
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Based on CF Industries’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.13 billion and net profit of $49 million. In comparison, last year the company earned revenue of $957 million and had a net profit of $63 million.
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CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizer. It owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.
