CF Industries Surpasses Analyst Target Price, What’s Next for Investors?
Recent trading saw shares of CF Industries Holdings Inc (Symbol: CF) rise above the average analyst target of $89.91, currently trading at $95.50/share. When a stock meets an analyst’s target, they typically face two options: downgrade their rating due to valuation or adjust the target price upwards. Analysts may choose to reassess their targets based on the company’s recent performance, especially if positive developments suggest further price growth.
Analyzing Analyst Targets for CF Industries
A total of 16 analysts contribute to the consensus target for CF Industries, but these figures represent a statistical average and can vary widely. For example, while one analyst projects the stock could reach $74.00, another sees potential as high as $114.00. Notably, the standard deviation among these targets is $11.378.
Importance of Collective Analyst Opinions
The significance of the average target price lies in the “wisdom of crowds.” It represents the collective insights of multiple analysts rather than relying on a single perspective. With CF’s stock price now above $89.91/share, investors face a critical decision: Is this just a stop on the way to higher valuations, or has the stock price climbed too high, warranting sales to secure profits? Below is a breakdown of the current analyst ratings for CF Industries Holdings Inc:
| Recent CF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 4 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 7 | 7 | 7 |
| Sell ratings: | 1 | 1 | 1 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.47 | 2.47 | 2.57 | 2.36 |
The average rating shown above ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis is based on data from Zacks Investment Research via Quandl.com. To view the latest research report on CF, visit Zacks.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
