BNP Paribas Exane Cuts CF Industries (NYSE:CF) Price Target to $80.00

CF Industries (NYSE:CF) had its target price trimmed by BNP Paribas Exane from $90.00 to $80.00 in a research report report published on Monday morning,MarketScreener reports. The firm currently has a neutral rating on the basic materials company’s stock.

CF has been the subject of several other reports. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Mizuho dropped their price target on CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Scotiabank lifted their price objective on CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. The Goldman Sachs Group dropped their target price on shares of CF Industries from $96.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company began coverage on shares of CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average price target of $94.33.

CF Industries Stock Up 1.0%

CF opened at $78.45 on Monday. CF Industries has a 12 month low of $67.34 and a 12 month high of $104.45. The business has a 50-day moving average of $85.15 and a two-hundred day moving average of $88.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.22 and a quick ratio of 2.84. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 10.24 and a beta of 0.89.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. On average, research analysts expect that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.5%. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in CF Industries during the 2nd quarter valued at $26,000. Harbor Capital Advisors Inc. boosted its position in CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of CF Industries during the first quarter valued at about $27,000. TCTC Holdings LLC grew its stake in shares of CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 202 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of CF Industries by 396.2% during the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 309 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.