Barclays Cuts CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF) had its price objective decreased by Barclays from $100.00 to $95.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

A number of other analysts have also recently commented on the company. UBS Group dropped their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Scotiabank dropped their price objective on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research report on Monday, February 24th. Oppenheimer dropped their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $90.15.

CF Industries Trading Up 1.4 %

Shares of CF stock opened at $76.32 on Wednesday. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The stock has a market cap of $12.94 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.37 and a beta of 0.99. The business has a fifty day simple moving average of $86.93 and a 200-day simple moving average of $85.56. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39.

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

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is 29.54%.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,889 shares of company stock worth $1,130,955 in the last 90 days. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On CF Industries

Several hedge funds and other institutional investors have recently modified their holdings of CF. Norges Bank acquired a new position in shares of CF Industries in the 4th quarter valued at about $131,350,000. Ameriprise Financial Inc. lifted its position in CF Industries by 29.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after acquiring an additional 637,784 shares in the last quarter. Victory Capital Management Inc. lifted its position in CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares in the last quarter. FMR LLC lifted its position in CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after acquiring an additional 543,876 shares in the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in CF Industries during the 4th quarter worth approximately $37,247,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.