CF Industries (NYSE:CF) Price Target Raised to $125.00

CF Industries (NYSE:CF) had its price target upped by Royal Bank Of Canada from $115.00 to $125.00 in a research report released on Monday, Marketbeat Ratings reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other research firms have also weighed in on CF. Freedom Broker reduced their price objective on shares of CF Industries from $133.00 to $129.00 and set a “hold” rating on the stock in a research report on Monday, November 2nd. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. set a $115.00 target price on CF Industries and gave the company a “sector perform” rating in a research note on Monday, October 5th. Canadian Imperial Bank of Commerce upped their target price on CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, KeyCorp started coverage on CF Industries in a report on Thursday, September 10th. They issued an “underweight” rating and a $115.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.30.

CF Industries Trading Up 0.7%

Shares of CF opened at $123.21 on Monday. CF Industries has a twelve month low of $75.42 and a twelve month high of $141.96. The company has a market cap of $18.02 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.24 and a beta of 0.54. The company has a current ratio of 2.98, a quick ratio of 2.68 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $121.92 and its 200-day simple moving average is $117.20.

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

CF Industries Announces Dividend

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

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in CF Industries during the 3rd quarter worth $51,983,000. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of CF Industries by 13.2% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 11,707 shares of the basic materials company’s stock worth $1,349,000 after buying an additional 1,363 shares during the period. Private Advisor Group LLC lifted its holdings in shares of CF Industries by 101.3% in the 3rd quarter. Private Advisor Group LLC now owns 7,293 shares of the basic materials company’s stock worth $840,000 after buying an additional 3,670 shares during the period. Hi Line Capital Management LLC lifted its holdings in shares of CF Industries by 0.7% in the 3rd quarter. Hi Line Capital Management LLC now owns 74,708 shares of the basic materials company’s stock worth $8,606,000 after buying an additional 506 shares during the period. Finally, Trustmark Bank Trust Department grew its position in shares of CF Industries by 301.3% during the 3rd quarter. Trustmark Bank Trust Department now owns 15,307 shares of the basic materials company’s stock worth $1,763,000 after buying an additional 11,493 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

More CF Industries News

These are some of the CF news items that stood out recently:

• Positive Sentiment: Royal Bank of Canada analyst commentary says CF’s stock is expected to rise, though the available report summary does not provide the price target or supporting rationale. CF Industries stock price expected to rise
• Neutral Sentiment: Freedom Broker raised its price target to $133 from $129 but kept a “hold” rating. The target implies about 7.9% upside from the reference price cited in the report. Freedom Broker recommendations
• Negative Sentiment: UBS lowered its target to $133 from $134 and kept a “neutral” rating. The small reduction tempers the outlook, although the new target still implies about 7.9% upside from the report’s reference price. UBS Group recommendations

About CF Industries

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.