CF Industries Holdings Inc's stock surged 5.05% during intraday trading on Monday, following the release of its first-quarter financial results that significantly exceeded market expectations.
The company reported Q1 earnings per share of $3.98, far surpassing the consensus estimate of $2.23, representing a 77.68% upside surprise. Revenue came in at $1.986 billion, also beating the expected $1.825 billion, with net income reaching $615 million and adjusted EBITDA of $983 million, reflecting strong operational efficiency.
Following the earnings announcement, multiple investment banks raised their target prices for CF Industries. Goldman Sachs increased its target from $132 to $133, while Scotiabank lifted its target from $115 to $120. The current average analyst target price stands at $122.39.
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