CF Industries (NYSE:CF) Price Target Cut to $81.00 by Analysts at Scotiabank

CF Industries (NYSE:CF) had its target price decreased by Scotiabank from $88.00 to $81.00 in a research note issued to investors on Monday,Benzinga reports. Scotiabank currently has a sector underperform rating on the basic materials company’s stock.

Several other research analysts also recently weighed in on the stock. UBS Group dropped their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.86.

CF Industries Trading Down 0.4 %

Shares of NYSE:CF opened at $77.58 on Monday. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.50 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.37 and a beta of 0.98. The company has a 50 day moving average of $87.73 and a 200-day moving average of $85.65.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, analysts anticipate that CF Industries will post 5.83 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 Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock worth $1,455,965 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of CF Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC lifted its stake in shares of CF Industries by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock valued at $221,000 after buying an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of CF Industries by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after acquiring an additional 120 shares during the period. Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of CF Industries by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after purchasing an additional 126 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 126 shares in the last quarter. 93.06% of the stock is currently 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.