Royal Bank of Canada Raises CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF) had its price target hoisted by Royal Bank of Canada from $85.00 to $95.00 in a research report released on Monday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the basic materials company’s stock.

A number of other brokerages have also recently commented on CF. Scotiabank lifted their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a sector perform rating in a report on Monday. Wells Fargo & Company cut their target price 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. Piper Sandler cut their target price on shares of CF Industries from $82.00 to $75.00 and set an underweight rating on the stock in a report on Tuesday, May 7th. BMO Capital Markets lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an outperform rating in a report on Friday, August 9th. Finally, Bank of America lifted their target price on shares of CF Industries from $76.00 to $83.00 and gave the company a neutral rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $85.55.

CF Industries Stock Down 1.0 %

CF stock opened at $79.75 on Monday. 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 has a twelve month low of $69.13 and a twelve month high of $87.90. The company’s 50 day moving average is $74.08 and its two-hundred day moving average is $77.57. The stock has a market cap of $14.58 billion, a P/E ratio of 13.25, a PEG ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company earned $2.70 earnings per share. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. Research analysts expect that CF Industries will post 5.18 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

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

Institutional Investors Weigh In On CF Industries

Several institutional investors have recently made changes to their positions in the stock. Kathmere Capital Management LLC boosted its position in shares of CF Industries by 34.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,517 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 1,411 shares in the last quarter. Scientech Research LLC boosted its position in shares of CF Industries by 272.8% during the 2nd quarter. Scientech Research LLC now owns 20,432 shares of the basic materials company’s stock worth $1,514,000 after purchasing an additional 14,951 shares in the last quarter. Earnest Partners LLC boosted its position in shares of CF Industries by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after purchasing an additional 59,674 shares in the last quarter. AXA S.A. purchased a new stake in shares of CF Industries during the 2nd quarter worth $1,690,000. Finally, Toronto Dominion Bank boosted its position in shares of CF Industries by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 159,791 shares of the basic materials company’s stock worth $11,844,000 after purchasing an additional 15,790 shares in the last quarter. 93.06% of the stock is currently 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.