CF Industries (NYSE:CF) Price Target Cut to $117.00

CF Industries (NYSE:CFGet Rating) had its price target lowered by Mizuho from $120.00 to $117.00 in a research report sent to investors on Friday morning, The Fly reports. The firm currently has a maintains rating on the basic materials company’s stock.

A number of other research firms have also issued reports on CF. Consumer Edge lowered CF Industries from an overweight rating to an equal weight rating in a report on Thursday, April 14th. UBS Group decreased their price target on CF Industries from $125.00 to $105.00 in a research report on Wednesday, July 13th. Piper Sandler increased their price target on CF Industries from $120.00 to $132.00 and gave the company an overweight rating in a research report on Tuesday, May 31st. Royal Bank of Canada increased their price target on CF Industries from $100.00 to $110.00 and gave the company a sector perform rating in a research report on Thursday, July 14th. Finally, Citigroup lowered CF Industries from a buy rating to a neutral rating and decreased their price objective for the stock from $123.00 to $99.00 in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $94.97.

CF Industries Stock Performance

CF Industries stock opened at $94.44 on Friday. The stock has a market cap of $19.70 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.86 and a beta of 1.06. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $89.44 and a 200-day moving average of $90.04. CF Industries has a 52 week low of $43.19 and a 52 week high of $113.49.

CF Industries (NYSE:CFGet Rating) last announced its quarterly earnings data on Monday, August 1st. The basic materials company reported $5.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.23 by ($0.65). CF Industries had a return on equity of 35.04% and a net margin of 19.73%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 113.4% compared to the same quarter last year. On average, analysts expect that CF Industries will post 18.42 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. CF Industries’s dividend payout ratio (DPR) is 20.62%.

Insider Transactions at CF Industries

In other news, VP Richard A. Hoker sold 6,684 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the transaction, the vice president now owns 45,243 shares in the company, valued at approximately $4,293,560.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC grew its stake in CF Industries by 64.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in CF Industries in the 1st quarter valued at $26,000. Signaturefd LLC grew its stake in CF Industries by 121.1% in the 4th quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock valued at $28,000 after buying an additional 218 shares during the last quarter. Lindbrook Capital LLC grew its stake in CF Industries by 555.1% in the 2nd quarter. Lindbrook Capital LLC now owns 321 shares of the basic materials company’s stock valued at $28,000 after buying an additional 272 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in CF Industries in the 4th quarter valued at $35,000. 93.00% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Company Profile

(Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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