Scotiabank Cuts CF Industries (NYSE:CF) Price Target to $82.00

CF Industries (NYSE:CF) had its price target trimmed by Scotiabank from $90.00 to $82.00 in a research note published on Monday, Marketbeat reports. The brokerage currently has a sector perform rating on the basic materials company’s stock.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of CF Industries from $87.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday, December 29th. BNP Paribas Exane upped their target price on CF Industries from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. CIBC initiated coverage on CF Industries in a research report on Tuesday, December 2nd. They set a “neutral” rating and a $87.00 price target for the company. Finally, Bank of America decreased their price target on CF Industries from $83.00 to $78.00 and set an “underperform” rating for the company in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.07.

CF Industries Stock Up 2.4%

Shares of CF Industries stock opened at $94.68 on Monday. The firm has a market cap of $14.77 billion, a PE ratio of 11.41 and a beta of 0.70. The business’s 50 day simple moving average is $82.50 and its 200 day simple moving average is $84.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. CF Industries has a 52-week low of $67.34 and a 52-week high of $104.45.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. On average, analysts predict that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, February 13th. CF Industries’s payout ratio is currently 24.10%.

Institutional Trading of CF Industries

Several hedge funds have recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH bought a new position in CF Industries during the 2nd quarter worth $26,000. Harbor Capital Advisors Inc. grew its stake in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. True Wealth Design LLC grew its stake in shares of CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 309 shares in the last quarter. Eastern Bank bought a new position in CF Industries during the third quarter worth about $35,000. Finally, Peterson Wealth Services raised its stake in CF Industries by 451.3% in the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 361 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.