CF Industries Holdings, Inc. (NYSE:CF) Receives $89.20 Average Price Target from Analysts

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $87.94.

A number of equities analysts have issued reports on the stock. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a report on Friday, January 12th. Wells Fargo & Company cut their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Piper Sandler downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $87.00 to $82.00 in a report on Thursday, February 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a report on Friday, February 16th. Finally, Bank of America reaffirmed a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th.

Insider Activity at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is currently 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. Kentucky Retirement Systems grew its holdings in CF Industries by 0.7% during the 3rd quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock valued at $1,501,000 after buying an additional 116 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of CF Industries by 2.5% during the third quarter. Arkadios Wealth Advisors now owns 5,148 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 126 shares in the last quarter. Donoghue Forlines LLC grew its holdings in shares of CF Industries by 1.9% during the third quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 130 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of CF Industries by 36.5% during the third quarter. Janiczek Wealth Management LLC now owns 516 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 153 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Performance

NYSE CF opened at $77.80 on Friday. The company has a fifty day simple moving average of $81.34 and a 200 day simple moving average of $79.77. CF Industries has a 12-month low of $60.08 and a 12-month high of $87.90. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.61 billion, a P/E ratio of 9.92, a PEG ratio of 2.23 and a beta of 1.03.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $4.35 EPS. The business’s revenue for the quarter was down 39.8% compared to the same quarter last year. Sell-side analysts predict that CF Industries will post 5.85 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.50 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Wednesday, February 14th. CF Industries’s payout ratio is currently 25.51%.

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.