Freedom Broker raises CF Industries stock price target on strong Q3 results

CF Industries Holdings Inc. (NYSE:CF) experienced a boost in its stock price target from Freedom Broker to $133 from $129 on Wednesday, while retaining a Hold rating. The fertilizer manufacturer reported impressive Q3 2026 results, with net sales of $1.86 billion, a 12% increase year-over-year and 3% above the company's own forecast of $1.799 billion.

Adjusted EBITDA grew by 25% year-over-year to $833 million, surpassing the forecasted $799 million, while reported EBITDA reached $934 million, 7% higher than the forecast. Net earnings amounted to $436 million, and diluted earnings per share were $2.87, surpassing Freedom Broker's estimates by 10% and 11%, respectively. Sales volume reached 4.799 million tons, 14% above the forecast, primarily driven by UAN sales.

With a market capitalization of $17.91 billion, CF Industries trades at a modest P/E ratio of 8.63, indicating potential undervaluation according to InvestingPro analysis. Analyst Vitaly Kononov raised the price target based on the strong Q3 performance, maintaining a Hold rating. CF Industries demonstrated a perfect Piotroski Score of 9, reflecting robust financial health.

The company generated strong cash flow and provided optimistic long-term guidance despite slightly missing earnings per share expectations. Additionally, RBC Capital raised its price target to $125 from $115, citing improved nitrogen fundamentals and anticipated operational improvements following the restart of the Yazoo City facility.