Wells Fargo & Company Boosts CF Industries (NYSE:CF) Price Target to $92.00

CF Industries (NYSE:CF) had its target price boosted by Wells Fargo & Company from $88.00 to $92.00 in a research report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on CF. Royal Bank of Canada boosted their price target on shares of CF Industries from $85.00 to $95.00 and gave the stock an outperform rating in a research report on Monday, August 12th. Bank of America boosted their price objective on shares of CF Industries from $76.00 to $83.00 and gave the company a neutral rating in a research report on Friday, August 9th. Barclays upgraded shares of CF Industries from an equal weight rating to an overweight rating and boosted their price objective for the company from $80.00 to $90.00 in a research report on Friday, August 16th. Scotiabank boosted their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a sector perform rating in a research report on Monday, August 12th. Finally, UBS Group boosted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a neutral rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $87.73.

CF Industries Trading Up 1.4 %

Shares of CF opened at $85.01 on Tuesday. The company’s fifty day moving average is $78.74 and its 200 day moving average is $78.03. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $87.82. The stock has a market capitalization of $15.34 billion, a PE ratio of 14.12, a P/E/G ratio of 2.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $2.70 earnings per share. CF Industries’s quarterly revenue was down 11.4% on a year-over-year basis. Sell-side analysts expect that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 15th. CF Industries’s payout ratio is presently 33.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CF. Westside Investment Management Inc. purchased a new stake in CF Industries in the first quarter worth about $25,000. UMB Bank n.a. lifted its stake in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares during the period. Kimelman & Baird LLC purchased a new stake in CF Industries in the second quarter worth about $50,000. Mather Group LLC. purchased a new stake in CF Industries in the first quarter worth about $55,000. Finally, nVerses Capital LLC lifted its stake in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 500 shares during the period. 93.06% of the stock is currently owned by 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.