Royal Bank of Canada Cuts CF Industries (NYSE:CF) Price Target to $90.00

CF Industries (NYSE:CF) had its target price decreased by Royal Bank of Canada from $100.00 to $90.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

CF has been the topic of several other research reports. Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group cut their target price on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a research note on Monday. Oppenheimer cut their target price on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.14.

CF Industries Trading Up 2.3 %

NYSE:CF opened at $79.54 on Tuesday. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The stock has a market capitalization of $13.48 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.37 and a beta of 0.97. The business’s 50-day simple moving average is $87.35 and its 200-day simple moving average is $85.55.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. Sell-side analysts expect that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s payout ratio is presently 29.54%.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,389 shares of company stock valued at $1,455,965. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new stake in shares of CF Industries during the 4th quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in shares of CF Industries during the 4th quarter valued at $34,000. Brooklyn Investment Group bought a new stake in shares of CF Industries during the 3rd quarter valued at $39,000. Creative Financial Designs Inc. ADV lifted its position in shares of CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 161 shares during the period. Finally, Asset Planning Inc bought a new stake in shares of CF Industries during the 4th quarter valued at $44,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.