CF Industries (NYSE:CF) Price Target Raised to $88.00

CF Industries (NYSE:CF) had its price target boosted by Scotiabank from $80.00 to $88.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on CF. BMO Capital Markets increased their target price on CF Industries from $95.00 to $100.00 and gave the stock an outperform rating in a report on Friday, August 9th. Barclays dropped their price objective on shares of CF Industries from $85.00 to $80.00 and set an equal weight rating on the stock in a research note on Tuesday, July 23rd. UBS Group boosted their target price on shares of CF Industries from $78.00 to $80.00 and gave the stock a neutral rating in a research report on Thursday, August 8th. Royal Bank of Canada dropped their price target on shares of CF Industries from $90.00 to $85.00 and set an outperform rating on the stock in a research report on Monday, July 15th. Finally, Piper Sandler decreased their price objective on CF Industries from $82.00 to $75.00 and set an underweight rating for the company in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has a consensus rating of Hold and a consensus price target of $85.55.

CF Industries Trading Down 0.5 %

CF opened at $80.55 on Monday. The company has a fifty day moving average price of $74.03 and a two-hundred day moving average price of $77.56. CF Industries has a 1-year low of $69.13 and a 1-year high of $87.90. The company has a market cap of $14.72 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37.

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

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s dividend payout ratio is presently 33.22%.

Institutional Investors Weigh In On CF Industries

Several large investors have recently made changes to their positions in CF. Concurrent Investment Advisors LLC grew its position in CF Industries by 4.5% during the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after buying an additional 140 shares during the period. Bleakley Financial Group LLC raised its position in CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 141 shares during the period. First Horizon Advisors Inc. boosted its stake in CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 146 shares during the last quarter. SYSTM Wealth Solutions LLC grew its position in shares of CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 153 shares during the period. Finally, Czech National Bank increased its stake in shares of CF Industries by 0.5% during the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 153 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.