CF Industries (NYSE:CF) Price Target Raised to $96.00

CF Industries (NYSE:CF) had its price target upped by Barclays from $90.00 to $96.00 in a report released on Friday, Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

CF has been the subject of several other research reports. UBS Group increased their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a neutral rating in a research note on Monday, August 26th. Royal Bank of Canada increased their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an outperform rating in a research note on Monday, August 12th. Bank of America increased their target price on shares of CF Industries from $76.00 to $83.00 and gave the stock a neutral rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price target on shares of CF Industries from $88.00 to $92.00 and gave the stock an overweight rating in a report on Tuesday, September 24th. Finally, Scotiabank increased their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a sector perform rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $88.64.

CF Industries Stock Performance

NYSE CF opened at $87.81 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. The company has a market capitalization of $15.84 billion, a PE ratio of 15.62, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a fifty day moving average of $81.84 and a two-hundred day moving average of $78.19.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. As a group, analysts expect that CF Industries will post 5.84 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. CF Industries’s dividend payout ratio is currently 35.59%.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CF. Westside Investment Management Inc. acquired a new position in CF Industries in the 1st quarter valued at $25,000. Quent Capital LLC grew its stake in shares of CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after buying an additional 284 shares during the period. UMB Bank n.a. grew its stake in shares of CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after buying an additional 191 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of CF Industries during the 2nd quarter valued at $50,000. Finally, nVerses Capital LLC grew its stake in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after buying an additional 500 shares during the period. 93.06% of the stock is currently 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.