CF Industries (NYSE:CF) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic began coverage on shares of CF Industries (NYSE:CF) in a report released on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $77.00 price target on the basic materials company’s stock.

CF has been the topic of several other reports. Scotiabank upped their target price on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada raised their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $87.67.

CF Industries Trading Down 2.1 %

CF Industries stock opened at $83.99 on Friday. CF Industries has a 52-week low of $69.13 and a 52-week high of $90.86. The company has a market cap of $15.35 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $82.79 and a two-hundred day simple moving average of $78.30.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) 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 company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm posted $2.70 EPS. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Analysts predict that CF Industries will post 5.84 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 2.38%. CF Industries’s payout ratio is currently 33.22%.

Insider Transactions at CF Industries

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

Institutional Investors Weigh In On CF Industries

A number of hedge funds have recently added to or reduced their stakes in CF. Concurrent Investment Advisors LLC grew its stake in shares of CF Industries by 4.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 140 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of CF Industries by 4.8% during the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after buying an additional 141 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares during the period. Czech National Bank boosted its position in shares of CF Industries by 0.5% during the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after acquiring an additional 153 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after buying an additional 167 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

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.