CF Industries (NYSE:CF) Price Target Raised to $79.00

CF Industries (NYSE:CF) had its price objective hoisted by Piper Sandler from $77.00 to $79.00 in a research note released on Friday,Benzinga reports. Piper Sandler currently has an underweight rating on the basic materials company’s stock.

A number of other research analysts have also commented on the stock. BMO Capital Markets increased their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Scotiabank upped their target price 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. UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Finally, Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and an average target price of $88.42.

CF Industries Trading Up 1.6 %

CF Industries stock opened at $85.08 on Friday. CF Industries has a one year low of $69.13 and a one year high of $90.86. The company’s fifty day moving average price is $83.62 and its two-hundred day moving average price is $78.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.28 and a beta of 0.97.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, analysts forecast that CF Industries will post 6.19 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, November 15th. CF Industries’s payout ratio is presently 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in CF Industries by 21.5% during the third quarter. Jennison Associates LLC now owns 118,412 shares of the basic materials company’s stock worth $10,160,000 after buying an additional 20,941 shares during the last quarter. Commerce Bank raised its position in shares of CF Industries by 5.1% in the 3rd quarter. Commerce Bank now owns 15,466 shares of the basic materials company’s stock valued at $1,327,000 after acquiring an additional 744 shares during the period. PNC Financial Services Group Inc. boosted its stake in CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after acquiring an additional 179 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in CF Industries during the third quarter valued at approximately $1,678,000. Finally, Prospera Financial Services Inc increased its stake in CF Industries by 26.4% in the third quarter. Prospera Financial Services Inc now owns 18,485 shares of the basic materials company’s stock valued at $1,586,000 after purchasing an additional 3,857 shares in the last quarter. 93.06% of the stock is owned by 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.