CF Industries Holdings, Inc. (NYSE:CF) Given Average Rating of “Hold” by Brokerages

CF Industries Holdings, Inc. (NYSE:CF) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $90.38.

A number of research firms have weighed in on CF. Oppenheimer initiated coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 target price for the company. Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Piper Sandler upped their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Finally, Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s 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 sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. This trade represents a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,701 shares of company stock valued at $2,052,704. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CF. FMR LLC boosted its stake 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 purchasing an additional 300,050 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CF Industries by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after buying an additional 22,392 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after acquiring an additional 549,569 shares during the period. Dimensional Fund Advisors LP grew its stake in CF Industries by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after acquiring an additional 198,246 shares in the last quarter. Finally, Earnest Partners LLC increased its holdings in CF Industries by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock worth $162,584,000 after acquiring an additional 59,674 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF stock opened at $84.43 on Thursday. The company has a market capitalization of $14.69 billion, a P/E ratio of 13.36, a PEG ratio of 2.37 and a beta of 0.98. The company has a fifty day moving average price of $86.61 and a 200-day moving average price of $80.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries has a 52-week low of $69.13 and a 52-week high of $94.46.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that CF Industries will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.37%. CF Industries’s payout ratio is currently 31.65%.

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.