CF Industries (NYSE:CF) Price Target Raised to $133.00

CF Industries (NYSE:CF) had its price objective hoisted by Freedom Broker from $129.00 to $133.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a hold rating on the basic materials company’s stock.

Several other equities analysts have also recently weighed in on CF. Royal Bank Of Canada raised their price target on shares of CF Industries from $115.00 to $125.00 and gave the company a “sector perform” rating in a research report on Monday, November 9th. Weiss Ratings raised CF Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 16th. Sanford C. Bernstein began coverage on CF Industries in a research note on Friday, September 25th. They issued an “outperform” rating and a $162.00 price objective for the company. Canadian Imperial Bank of Commerce raised their target price on CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Finally, set a $115.00 target price on CF Industries and gave the company a “sector perform” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $123.30.

CF Industries Trading Up 0.2%

Shares of CF stock opened at $125.14 on Wednesday. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.25 and a beta of 0.54. The stock has a 50-day moving average of $121.38 and a 200-day moving average of $117.53. The company has a current ratio of 2.98, a quick ratio of 2.68 and a debt-to-equity ratio of 0.36. CF Industries has a 1-year low of $75.42 and a 1-year high of $141.96.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.87 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.13). CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company posted $2.19 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that CF Industries will post 13.59 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. CF Industries’s dividend payout ratio is presently 16.94%.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently added to or reduced their stakes in CF. Annis Gardner Whiting Capital Advisors LLC lifted its position in CF Industries by 3.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock worth $306,000 after buying an additional 84 shares during the last quarter. Eley Financial Management Inc grew its stake in CF Industries by 0.6% in the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after purchasing an additional 87 shares in the last quarter. TFB Advisors LLC raised its holdings in shares of CF Industries by 3.4% in the third quarter. TFB Advisors LLC now owns 2,670 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 88 shares in the last quarter. Bogart Wealth LLC grew its holdings in CF Industries by 25.6% during the 3rd quarter. Bogart Wealth LLC now owns 452 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 92 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in CF Industries by 6.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.