CF Industries (NYSE:CF) Price Target Lowered to $95.00 at BMO Capital Markets

CF Industries (NYSE:CF) had its price objective lowered by BMO Capital Markets from $100.00 to $95.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the company. Barclays upgraded CF Industries from an underweight rating to an equal weight rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Piper Sandler lowered CF Industries from a neutral rating to an underweight rating and lowered their price target for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Royal Bank of Canada reiterated an outperform rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Wolfe Research initiated coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an outperform rating and a $99.00 price target on the stock. Finally, Bank of America restated a neutral rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $85.44.

CF Industries Trading Up 0.6 %

Shares of NYSE:CF opened at $74.51 on Monday. CF Industries has a 12-month low of $60.08 and a 12-month high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.62 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The firm has a fifty day moving average of $81.34 and a two-hundred day moving average of $79.20.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $2.85 EPS. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. On average, equities analysts expect that CF Industries will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.68%. CF Industries’s payout ratio is 33.22%.

Insider Buying and Selling

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of CF Industries during the 4th quarter valued at about $193,145,000. Boston Partners bought a new position in shares of CF Industries during the 3rd quarter worth approximately $160,475,000. Goldman Sachs Group Inc. grew its stake in shares of CF Industries by 68.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after acquiring an additional 630,264 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of CF Industries by 98.4% in the third quarter. Van ECK Associates Corp now owns 891,216 shares of the basic materials company’s stock worth $76,413,000 after buying an additional 441,995 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of CF Industries by 16.5% in the fourth quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after purchasing an additional 414,785 shares during the period. 93.06% of the stock is currently owned by hedge funds and other 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.