CF Industries Holdings, Inc. (NYSE:CF) Receives $93.88 Consensus Target Price from Analysts

CF Industries Holdings, Inc. (NYSE:CF) has been given a consensus recommendation of “Hold” by the twenty brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $93.5625.

A number of research firms have recently commented on CF. Mizuho cut their target price on CF Industries from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. BNP Paribas Exane decreased their price objective on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Royal Bank Of Canada dropped their target price on shares of CF Industries from $95.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, UBS Group reduced their target price on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th.

CF Industries Trading Down 0.7%

Shares of CF opened at $76.13 on Thursday. The company’s fifty day simple moving average is $83.19 and its 200-day simple moving average is $87.98. The company has a market cap of $11.87 billion, a P/E ratio of 9.17 and a beta of 0.68. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. CF Industries has a twelve month low of $67.34 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $1.55 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. As a group, analysts expect that CF Industries will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. CF Industries’s payout ratio is 24.10%.

Hedge Funds Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Norges Bank bought a new position in shares of CF Industries during the second quarter valued at approximately $129,574,000. Worldquant Millennium Advisors LLC purchased a new stake in CF Industries during the second quarter worth $96,560,000. Arrowstreet Capital Limited Partnership boosted its position in CF Industries by 926.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock valued at $102,897,000 after acquiring an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of CF Industries by 72.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after acquiring an additional 724,329 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CF Industries in the 2nd quarter worth $63,104,000. Institutional investors 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.