CF Industries (NYSE:CF) Price Target Increased to $83.00 by Analysts at Bank of America

CF Industries (NYSE:CF) had its target price raised by Bank of America from $76.00 to $83.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the company. Scotiabank decreased their price target on CF Industries from $86.00 to $80.00 and set a sector perform rating on the stock in a research note on Monday, May 6th. Berenberg Bank upped their target price on shares of CF Industries from $68.00 to $69.00 and gave the company a hold rating in a research report on Wednesday, April 17th. Barclays dropped their price target on shares of CF Industries from $85.00 to $80.00 and set an equal weight rating for the company in a research report on Tuesday, July 23rd. Wells Fargo & Company decreased their price objective on shares of CF Industries from $87.00 to $83.00 and set an overweight rating on the stock in a report on Tuesday, July 16th. Finally, Royal Bank of Canada dropped their target price on shares of CF Industries from $90.00 to $85.00 and set an outperform rating for the company in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $83.91.

CF Industries Trading Up 0.3 %

CF stock traded up $0.26 during trading on Friday, reaching $79.79. 1,554,091 shares of the stock were exchanged, compared to its average volume of 2,275,662. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.44 and a beta of 0.95. The business has a 50 day moving average price of $73.94 and a 200-day moving average price of $77.48. CF Industries has a 1 year low of $69.13 and a 1 year high of $87.90.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company earned $2.70 EPS. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, research analysts predict that CF Industries will post 5.18 earnings per share for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s payout ratio is currently 33.22%.

Institutional Trading of CF Industries

Several hedge funds have recently added to or reduced their stakes in the company. Duality Advisers LP boosted its position in shares of CF Industries by 189.3% during the 4th quarter. Duality Advisers LP now owns 23,713 shares of the basic materials company’s stock worth $1,885,000 after acquiring an additional 15,517 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of CF Industries by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 590,213 shares of the basic materials company’s stock worth $46,922,000 after buying an additional 40,721 shares during the last quarter. Councilmark Asset Management LLC purchased a new stake in shares of CF Industries during the 1st quarter worth approximately $1,251,000. Franklin Resources Inc. grew its position in shares of CF Industries by 44.4% in the 4th quarter. Franklin Resources Inc. now owns 394,403 shares of the basic materials company’s stock valued at $31,355,000 after buying an additional 121,272 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of CF Industries by 9.7% in the 4th quarter. Hsbc Holdings PLC now owns 458,297 shares of the basic materials company’s stock valued at $36,400,000 after buying an additional 40,396 shares during the last quarter. Institutional investors and hedge funds 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.