Analysts Set CF Industries Holdings, Inc. (NYSE:CF) Target Price at $90.54

CF Industries Holdings, Inc. (NYSE:CF) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $90.15.

Several equities research analysts have recently weighed in on CF shares. Royal Bank of Canada decreased their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Oppenheimer decreased their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th.

CF Industries Stock Performance

NYSE CF opened at $76.65 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. CF Industries has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a market capitalization of $12.99 billion, a PE ratio of 11.32, a P/E/G ratio of 0.37 and a beta of 0.99. The company has a fifty day moving average of $86.74 and a two-hundred day moving average of $85.50.

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

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio is presently 29.54%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction that occurred on 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 trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were 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 of the company’s stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,889 shares of company stock valued at $1,130,955 in the last quarter. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

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

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.