CF Industries (NYSE:CF) Sets New 12-Month High at $88.11

CF Industries Holdings, Inc. (NYSE:CF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $88.11 and last traded at $88.11, with a volume of 780191 shares trading hands. The stock had previously closed at $85.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America boosted their price target on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Royal Bank of Canada increased their price objective on CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Wells Fargo & Company upped their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Scotiabank boosted their price target on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, UBS Group raised their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.73.

CF Industries Price Performance

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 firm has a market capitalization of $15.93 billion, a PE ratio of 14.25, a P/E/G ratio of 2.38 and a beta of 0.95. The business’s 50 day moving average is $79.31 and its two-hundred day moving average is $77.95.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $2.70 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. As a group, research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. CF Industries’s dividend payout ratio is presently 33.22%.

Institutional Trading of CF Industries

A number of hedge funds have recently modified their holdings of CF. Sanctuary Advisors LLC purchased a new stake in CF Industries in the second quarter worth about $1,297,000. Coronation Fund Managers Ltd. boosted its holdings in CF Industries by 8.4% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 128,320 shares of the basic materials company’s stock worth $9,511,000 after buying an additional 9,943 shares during the period. 3Chopt Investment Partners LLC boosted its stake in shares of CF Industries by 2.4% in the second quarter. 3Chopt Investment Partners LLC now owns 10,410 shares of the basic materials company’s stock worth $772,000 after acquiring an additional 242 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of CF Industries during the second quarter worth about $50,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in CF Industries during the 2nd quarter valued at approximately $438,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

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.