CF Industries (NYSE:CF) PT Raised to $78.00

CF Industries (NYSE:CFGet Rating) had its price objective lifted by Credit Suisse Group from $73.00 to $78.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have an underperform rating on the basic materials company’s stock.

A number of other analysts have also commented on CF. Consumer Edge lowered CF Industries from an overweight rating to an equal weight rating in a research report on Thursday, April 14th. Citigroup downgraded CF Industries from a buy rating to a neutral rating and cut their price target for the company from $123.00 to $99.00 in a research note on Friday, June 17th. Mizuho lifted their price target on CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Barclays assumed coverage on CF Industries in a research note on Wednesday, June 1st. They set an equal weight rating and a $103.00 price target for the company. Finally, UBS Group lifted their price target on CF Industries from $105.00 to $108.00 and gave the company a buy rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $96.78.

CF Industries Stock Performance

Shares of CF Industries stock opened at $100.05 on Tuesday. CF Industries has a one year low of $43.19 and a one year high of $113.49. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.88 and a beta of 1.06. The business has a 50-day simple moving average of $89.46 and a 200 day simple moving average of $90.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.41 and a quick ratio of 1.50.

CF Industries (NYSE:CFGet Rating) last issued its earnings results on Monday, August 1st. The basic materials company reported $6.19 EPS for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). CF Industries had a net margin of 25.28% and a return on equity of 49.10%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 113.4% on a year-over-year basis. On average, research analysts anticipate that CF Industries will post 18.42 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.60 annualized dividend and a yield of 1.60%. CF Industries’s payout ratio is 13.11%.

Insider Activity at CF Industries

In related news, VP Richard A. Hoker sold 6,684 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $94.90, for a total value of $634,311.60. Following the transaction, the vice president now owns 45,243 shares in the company, valued at $4,293,560.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Catalyst Capital Advisors LLC raised its holdings in CF Industries by 64.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Hazlett Burt & Watson Inc. bought a new stake in CF Industries during the 1st quarter valued at $26,000. Lindbrook Capital LLC raised its holdings in CF Industries by 555.1% during the 2nd quarter. Lindbrook Capital LLC now owns 321 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 272 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new stake in CF Industries during the 4th quarter valued at $35,000. Finally, Evoke Wealth LLC raised its holdings in CF Industries by 2,600.0% during the 2nd quarter. Evoke Wealth LLC now owns 405 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 390 shares during the period. Institutional investors own 93.00% of the company’s stock.

CF Industries Company Profile

(Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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