How Far CF Industries Holdings, Inc. (CF) Will Fall Today – Find News

Stay Ahead of Wall Street. Find out what is happening to CF Industries Holdings, Inc. (NYSE:CF) stock today? Its price is nose-diving -1.72 points, trading at $42.53 levels, and is down -3.9% from its previous close of $44.25. The shares seem to have an active trading volume day with a reported 1420231 contracts so far this session. CF shares had a relatively better volume day versus average trading capacity of 1.98 million shares, but with a 0.22 billion float and a -2.4% run over a week, its definitely worth keeping an eye on. The one year price forecast for CF stock indicates that the average analyst price target is $52.1 per share. This means the stock has a potential increase of 22.5% from where the CF share price has been trading recently.

During the recent trading session for CF Industries Holdings, Inc. (NYSE:CF), the company witnessed their stock drop by $-2.84 over a week and tumble down $-5.7 from the price 20 days ago. When compared to their established 52-week high of $55.15, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/08/19. The recent low of $38.9 stood for a -22.89% since 08/03/19, a data which is good for most investors who are looking to take advantage of the stocks recent rise. A beta of 1.04 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for CF Industries Holdings, Inc., the two-week RSI stands at 31.24. This figure suggests that CF stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CF readings is similarly very revealing as it has a stochastic reading of 15.47% at this stage. This figure means that CF share price today is being overbought.

Technical chart claims that CF Industries Holdings, Inc. (CF) would settle between $45.34/share to $46.42/share level. However, if the stock price goes below the $43.69 mark, then the market for CF Industries Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $43.12 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.75. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Bernstein lowered their recommendation on shares of CF from Mkt Perform to Underperform in their opinion released on December 10. BofA/Merrill analysts bumped their rating on CF Industries Holdings, Inc. (NYSE:CF) stock from Neutral to Buy in a separate flash note issued to investors on November 25. Analysts at Cowen are sticking to their Outperform stance. However, on September 26, they lifted price target for these shares to $62 from $59.

CF equity has an average rating of 2.92, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 7 analysts rated CF Industries Holdings, Inc. (NYSE:CF) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the companys stock.

Moving on, CF stock price is currently trading at 17.7X forward 12-month Consensus EPS estimates, and its P/E ratio is 20.3 while for the average stock in the same group, the multiple is 19.6. CF Industries Holdings, Inc. current P/B ratio of 3.2 means it is trading at a premium against its industrys 1.3.

CF Industries Holdings, Inc. (CF)s current-quarter revenues are projected to climb by nearly -7.7% to hit $1.04 billion, based on current consensus estimate. The firms full-year revenues are expected to expand by over 4.6% from $4.43 billion to a noteworthy $4.63 billion. At the other end of the current quarter income statement, CF Industries Holdings, Inc. is expected to see its adjusted earnings surge by roughly 38.1% to hit $0.29 per share. For the fiscal year, CFs earnings are projected to climb by roughly 77.4% to hit $2.2 per share.

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How Far CF Industries Holdings, Inc. (CF) Will Fall Today - Find News