CF Industries Holdings, Inc. (NYSE:CF) Receives $89.86 Average Price Target from Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been given a consensus rating of “Hold” by the fourteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $89.86.

Several analysts have weighed in on the stock. The Goldman Sachs Group started coverage on shares of CF Industries in a research note on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price target for the company. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a report on Monday, February 24th. Piper Sandler boosted their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Barclays cut their target price on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th.

CF Industries Trading Down 8.7 %

Shares of CF stock opened at $72.91 on Friday. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.36 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84. The business has a 50-day moving average price of $80.94 and a two-hundred day moving average price of $85.03. CF Industries has a 12-month low of $69.13 and a 12-month high of $98.25.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 20.52% and a return on equity of 15.50%. Equities analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

Insider Buying and Selling

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock worth $1,130,955 in the last three months. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC raised its holdings in CF Industries by 12.2% in the 3rd quarter. Pathstone Holdings LLC now owns 17,133 shares of the basic materials company’s stock worth $1,470,000 after acquiring an additional 1,860 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of CF Industries by 16.8% during the third quarter. Cerity Partners LLC now owns 10,051 shares of the basic materials company’s stock valued at $862,000 after purchasing an additional 1,449 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of CF Industries by 10.0% during the third quarter. Penserra Capital Management LLC now owns 5,471 shares of the basic materials company’s stock valued at $468,000 after buying an additional 496 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in CF Industries by 9.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,246 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 1,873 shares in the last quarter. Finally, FMR LLC raised its position in CF Industries by 3.8% in the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

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.