CF Industries (NYSE:CF) Price Target Raised to $95.00

CF Industries (NYSE:CF) had its target price increased by BNP Paribas Exane from $90.00 to $95.00 in a research report released on Monday morning,MarketScreener reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other equities research analysts have also issued reports on CF. The Goldman Sachs Group restated a “neutral” rating and set a $103.00 price target on shares of CF Industries in a research note on Friday, February 20th. Rothschild & Co Redburn set a $72.00 price objective on CF Industries in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Mizuho set a $95.00 price target on CF Industries in a research report on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $100.00 price objective on shares of CF Industries in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $95.53.

CF Industries Trading Down 0.2%

NYSE CF opened at $95.90 on Monday. The business’s fifty day moving average is $87.55 and its 200-day moving average is $85.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.37 and a quick ratio of 2.93. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 10.66 and a beta of 0.70. CF Industries has a one year low of $67.34 and a one year high of $105.27.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.06. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.78 billion. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. Equities research analysts predict that CF Industries will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.1%. CF Industries’s dividend payout ratio (DPR) is currently 22.22%.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CF Industries by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after acquiring an additional 518 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in CF Industries by 161.1% in the 1st quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock valued at $928,000 after purchasing an additional 7,324 shares during the period. Woodline Partners LP grew its position in shares of CF Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 4,252 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of CF Industries by 21.8% in the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 638 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of CF Industries by 141.6% in the first quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock worth $62,000 after buying an additional 463 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

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.