On June 15, CF Industries fell 5.01% in pre-market trading, trading at approximately $103.70/share, with turnover of $556,100.
On the news front, BNP Paribas cut its target price on CF Industries from $140 to $120, maintaining a neutral rating. According to analyst consensus data, the stock carries an average hold rating with a mean target price of $129.54, meaning the current share price has fallen below the lower end of most institutional expectations.
Within the Fertilizers & Agricultural Chemicals sector where CF Industries belongs, the overall sector performance is mixed. Among individual stocks, Scotts Miracle-Gro up 1.70%, Mosaic up 1.37%, FMC Corp up 1.27%, Corteva down 0.13%, Nutrien down 1.29%. CF Industries leads sector declines.
CF Industries Holdings manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
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