5 Best Stocks In Each Sector

In this piece, we’ll take a look at the 5 Best Stocks In Each Sector. For more such companies, go to 11 Best Stocks In Each Sector.

5. CF Industries Holdings, Inc. (NYSE:CF)

Sector: Materials

Number of Hedge Fund Holders: 65

The material sector includes companies that are involved in the exploration, development, and processing of raw materials. These companies use mining and metal refining to manufacture products such as chemicals, forestry products, glass, paper, etc.

Founded in 1946, CF Industries Holdings, Inc. (NYSE:CF) is one of the world’s largest producers of nitrogen fertilizers, with a capacity to produce more than 12 million tons of nitrogen products annually. The company’s products are used by farmers and other agricultural customers around the world to improve crop yield and quality. CF Industries Holdings, Inc. (NYSE:CF) also produces other agricultural products, such as phosphates and potash, which are used as plant nutrients and soil amendments.

On October 4, 2022, Citi analyst P.J. Juvekar increased his price target on CF Industries Holdings, Inc. (NYSE:CF) to $120 while keeping a Buy rating on the company’s stock. The analyst’s profit projections for 2023 are still below those of the market, and he believes that the consensus expectations need to decrease much further.

65 hedge funds were long on the company’s stock at the end of the third quarter, according to Insider Monkey’s database. Soroban Capital Partners had the biggest long position in the company at the end of Q3 2022.