Market Overview

Gabelli Has Buy On CF Industries, Inc. (CF)

Share:

Gabelli & Co. has a Buy rating on shares of CF Industries, Inc. (NYSE: CF).

In a note to clients, Gabelli writes, "The agriculture sector is experiencing strong fundamentals with heavy demand for corn, soybeans, wheat and cotton. CF benefits as farmers plant more acres and utilize more fertilizer to boost crop yields. We estimate CF's earnings per share at $13.50 in 2011 and $12.60 in 2012 with an 11.1% compounded annual growth rate in earnings per share through 2015. In 2012, we expect fertilizer pricing and crop planting to normalize, resulting in a decrease in EBITDA margin and earnings. CF trades at 5.2x 2012E EBITDA and 10.6x 2012E EPS, lower than peers trading at 7.0x to 11.0x 2012 EBITDA. The stock trades at a 40% discount to our 2012 PMV of $225."

Shares of CF are down $3.23 to $130.46, a loss of 2.4%.

Posted-In: Gabelli & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (CF)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
FCELCraig-HallumReinstates0.500
THTXMackie ResearchUpgrades
CFBSandler O'NeillInitiates Coverage On15.0
GMEBairdMaintains5.0
ACMBairdMaintains50.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Seismic Opportunities (CGV, IO, OYOG, GGS)

Five Stocks Charlie Sheen Would Love (MW, JOSB, RICK, MGM, LVS)