CF Industries (NYSE:CF) PT Raised to $96.00

CF Industries (NYSE:CF) had its price target increased by Barclays from $90.00 to $96.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other analysts also recently commented on CF. Mizuho increased their price objective on CF Industries from $76.00 to $93.00 and gave the stock a neutral rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price objective on CF Industries from $95.00 to $100.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price objective on CF Industries from $88.00 to $92.00 and gave the stock an overweight rating in a research note on Tuesday, September 24th. UBS Group increased their price objective on CF Industries from $80.00 to $85.00 and gave the stock a neutral rating in a research note on Monday, August 26th. Finally, Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the stock a sector perform rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of Hold and an average price target of $88.64.

CF Industries Stock Down 0.9 %

Shares of NYSE:CF opened at $87.00 on Friday. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. The business’s 50-day moving average is $82.12 and its 200-day moving average is $78.22. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $2.70 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. Equities research analysts predict that CF Industries will post 5.84 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.30%. CF Industries’s dividend payout ratio is currently 33.22%.

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of CF Industries by 401.2% in the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares in the last quarter. Boston Partners boosted its position in shares of CF Industries by 37.5% in the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after purchasing an additional 198,246 shares in the last quarter. Earnest Partners LLC boosted its position in shares of CF Industries by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after purchasing an additional 59,674 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.