Why Buying The CF Industries Holdings Inc (NYSE: CF) Stock Today Might Make Sense

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CF Industries Holdings Inc (NYSE:CF) traded at $92.31 at last check on current trade day and made a downward move of -0.71% on its previous day’s price.

CF Industries Holdings Inc has a market cap of $14.96 billion and is expected to release its quarterly earnings report in July. With its Forward Dividend at 2.00 and a yield of 2.17%, the company’s investors could be anxious for the CF stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.72B, with a low of 1.66B and a high of 1.78B. The median projection represents growth squeezing down to 9.33% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 6.42B, or 8.11% up from figures reported last year.

Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the CF Industries Holdings Inc (CF) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 5.48% off its SMA20 and 14.43% from its 50-day simple moving average. The RSI (14) is pointing at 71.32 while the volatility over the past week is 1.67% and jumps to 1.54% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 2.37. The average price target for the stock over the next 12 months is $87, with the estimates having a low of $87 and a high of $87. These price ends are 5.75% and 5.75% off the today’s price level respectively, although investors could be excited at the prospect of a 5.75% if the CF share price touches on the median price of $87.

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