Stock market investors may be closely tracking recent trends. Many investors will keep an eye on where a certain stock has been when trying to project where it is headed. Tracking recent action for CF Industries Holdings, Inc. (NYSE:CF), we have seen shares trading close to the 45.05 mark. Taking a wider look back, shares have seen a change of -11.35% over the last 12 weeks. Heading back to the start of the year, we can see that shares have changed 3.54%. Over the past month, shares have seen a change of 8.19%. Over the last week, the stock has moved 11.04%. Taking a look at some popular possible support and resistance levels, we note that the 52-week high is currently 56.06, and the 52-week low is presently 36.49. When a stock price is trading close to the 52-week high or 52-week low, investors may closely track activity to watch for a move through the level.
Investors might be looking to find some bargains to add to the portfolio as we move closer towards the end of the year. Maybe some of the earlier portfolio picks don’t look as promising as they did a few months ago. There might also be a few names that have fallen off a cliff and do not look they will be returning to previous levels. Investors may be searching for a few overlooked stocks that the rest of the investing community has passed on for whatever reason. Nobody knows for sure what the next couple of quarters have in store. As earnings season kicks off, investors will be closely following the companies that manage to beat expectations by a wide margin.
Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for CF Industries Holdings, Inc. (NYSE:CF) is 0.54. This EPS estimate consists of 1 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of 0.13. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.
Looking at some analyst views on shares of CF Industries Holdings, Inc. (NYSE:CF), we note that the consensus target price is resting at $55.09. This is the consensus target using estimates provided by the covering analysts polled. Sell-side analysts often produce target estimates for the companies that they track closely. Price target estimates can be calculated using various methods, and this may cause some analyst estimates to be drastically different than others. Many investors will track stock target prices, especially when analysts update the target price projections.
Investors might be paying attention to what Wall Street analysts think about shares of CF Industries Holdings, Inc. (NYSE:CF). Taking a peek at the current consensus broker rating, we can see that the ABR is 1.92. This average rating is provided by Zacks Research. This simplified numeric scale spans the range of one to five which translates brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 indicates a Hold and 4-5 represents a consensus Sell rating. In terms of the number of analysts that have the stock rated as a Buy or Strong Buy, we can see that the number is currently 7.
With most types of investments, there is typically some level of risk. This is no different when dealing with the stock market. Investors have to decide how much risk is acceptable and plan accordingly. Many new stock market investors face the challenge of deciding where to begin. Following strategies that have proven to work in the past may be one way to go. Many investors will look to mimic the strategies of the most celebrated investors. Although this may be a good way to start, it may be necessary to fully understand every aspect that those successful investors examine. Blindly following trading plans without doing the proper research can lead to future trouble down the line if there is indeed a market shake-up.
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