CIBC Opens Coverage on CF Industries (CF) With a Neutral Stance

CF Industries Holdings, Inc. (NYSE:CF) is included among the 14 Best US Stocks to Buy for Long Term.

On December 2, CIBC analyst Hamir Patel initiated coverage on CF Industries Holdings, Inc. (NYSE:CF) with a Neutral rating and an $87 price target.

The company is investing heavily in decarbonizing production by developing low-carbon ammonia. These aspects have already helped it to gain a very high rate of return for shareholders. The company’s trailing twelve-month operating cash flow came in at $2.63 billion, with free cash flow amounting to $1.7 billion for the period. During the third quarter, CF Industries repurchased 4.3 million shares worth $364 million and also announced the completion of $3 billion share repurchase program authorized in 2022.

For the first nine months of the fiscal year, CF Industries Holdings, Inc. (NYSE:CF) reported its gross ammonia production of 7.6 million tons, compared with 7.2 million tons in the same period last year. For FY25, the company expects gross ammonia production to be approximately 10 million tons.

CF Industries Holdings, Inc. (NYSE:CF) is a manufacturer and distributor of hydrogen and nitrogen products for clean energy, fertilizers, and other industrial applications.

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