CF Industries Holdings, Inc. (NYSE:CF) Receives $90.54 Average Price Target from Analysts

CF Industries Holdings, Inc. (NYSE:CF) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $90.15.

CF has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. UBS Group lowered their target price on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays lowered their target price on CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,889 shares of company stock valued at $1,130,955 over the last quarter. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On CF Industries

A number of institutional investors and hedge funds have recently modified their holdings of CF. Norges Bank acquired a new position in shares of CF Industries during the fourth quarter worth $131,350,000. Ameriprise Financial Inc. grew its stake in shares of CF Industries by 29.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after purchasing an additional 637,784 shares in the last quarter. Victory Capital Management Inc. boosted its stake in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after acquiring an additional 549,569 shares in the last quarter. FMR LLC boosted its stake in CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock valued at $753,429,000 after acquiring an additional 543,876 shares in the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in CF Industries in the fourth quarter valued at $37,247,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Trading Up 0.4 %

CF stock opened at $76.65 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. CF Industries has a 12-month low of $69.13 and a 12-month high of $98.25. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.37 and a beta of 0.99. The business’s 50-day moving average is $86.74 and its 200 day moving average is $85.50.

CF Industries (NYSE:CF) last posted 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 return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, sell-side analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s payout ratio is 29.54%.

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.