Shares of CF Industries Holdings Inc. (NYSE:CF) traded today at $75.98, eclipsing its 52-week high. Approximately 630,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.
Potential upside of 9.7% exists for CF Industries Holdings Inc., based on a current level of $72.92 and analysts’ average consensus price target of $79.97.
CF Industries is a leading producer and distributor of nitrogen fertilizers. The company operates seven nitrogen facilities in North America and holds joint-venture interests in further production capacity in the United Kingdom and Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.
Over the past year, CF Industries Holdings Inc. has traded in a range of $42.15 to $75.98 and is now at $72.92, 73% above that low.
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