CF Industries Holdings

CF · NYSE

$117.93−$0.58 (−0.49%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $118.51

CF analyst rating

HoldConsensus of 17 analysts over the last 12 months. 35% rate it a buy.

Strong buy0
Buy6
Hold8
Underperform3
Sell0

12-month price target · 24 analysts

Average $131.07 (+11.1% upside)

Low: $106.05
Now: $117.93
High: $205.51

Upgrades and downgrades

The latest rating actions, newest first

CF analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Rothschild & Co	Sep 28, 2026	Upgrade	Sell → Neutral	$98.00 → $110.00	0%
Bernstein	Sep 25, 2026	Initiates	Outperform	$162.00	40%
Keybanc	Sep 11, 2026	Initiates	Underweight	$115.00	30%
Scotiabank	Aug 10, 2026	Maintains	Sector Outperform	$125.00 → $130.00	37%
UBS	Aug 7, 2026	Maintains	Neutral	$115.00 → $123.00	49%
RBC Capital	Jul 17, 2026	Maintains	Sector Perform	$125.00 → $115.00	36%
Morgan Stanley	Jul 7, 2026	Maintains	Equal-Weight	$135.00 → $115.00	61%
Scotiabank	Jun 30, 2026	Upgrade	Sector Perform → Sector Outperform	$120.00 → $125.00	37%
JP Morgan	Jun 3, 2026	Maintains	Neutral	$94.00 → $115.00	57%
Scotiabank	May 11, 2026	Maintains	Sector Perform	$115.00 → $120.00	37%

The case for and against

Updated Aug 11, 2026

Bull case

CF Industries Holdings is a leading producer of nitrogen with low production costs and a growing focus on carbon-free ammonia. They are in the process of exploring strategic options for their UK wealth platform, and their share price is currently trading at a discount to industry peers. Key risks include fluctuations in natural gas prices and potential environmental concerns related to the over-application of nitrogen fertilizer. However, with a strong cash flow and a commitment to reducing carbon emissions, CF Industries has a positive outlook for long-term growth in the nitrogen market.

Bear case

CF Industries Holdings is facing headwinds due to potential regulatory scrutiny over fee structures and distribution practices, a strengthening Canadian dollar, and potential declines in equity markets. Despite investing in low-carbon ammonia as a potential alternative to traditional nitrogen production, the market adoption remains modest. As such, CF Industries' downside scenario could see demand weaken, decreasing its share price and causing multiple contraction.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.