CF Industries (NYSE:CF) Price Target Raised to $92.00

CF Industries (NYSE:CF) had its price objective raised by UBS Group from $91.00 to $92.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Several other analysts have also recently commented on the stock. Mizuho raised their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer assumed coverage on CF Industries in a research note on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target on the stock. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Redburn Atlantic started coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Finally, Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.43.

CF Industries Price Performance

Shares of NYSE:CF opened at $92.22 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $89.35 and a 200 day moving average price of $84.18. CF Industries has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a market cap of $16.05 billion, a P/E ratio of 14.59, a PEG ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts predict that CF Industries will post 6.37 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.17%. CF Industries’s payout ratio is currently 31.65%.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock valued at $2,355,425 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. acquired a new position in shares of CF Industries in the 4th quarter valued at about $549,000. James Investment Research Inc. lifted its position in CF Industries by 1.8% during the fourth quarter. James Investment Research Inc. now owns 9,534 shares of the basic materials company’s stock valued at $813,000 after buying an additional 165 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in CF Industries by 2.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,611 shares of the basic materials company’s stock valued at $735,000 after buying an additional 201 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of CF Industries by 8.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,187,445 shares of the basic materials company’s stock worth $101,313,000 after acquiring an additional 93,560 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of CF Industries by 9.9% in the fourth quarter. New York State Teachers Retirement System now owns 170,325 shares of the basic materials company’s stock worth $14,532,000 after acquiring an additional 15,390 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

About CF Industries

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.