CF Industries (NYSE:CF) Upgraded to Sector Outperform by Scotiabank

Scotiabank upgraded shares of CF Industries (NYSE:CFGet Rating) from a sector perform rating to a sector outperform rating in a research report report published on Wednesday, PriceTargets.com reports.

Several other analysts have also recently weighed in on the stock. Citigroup upgraded shares of CF Industries from a neutral rating to a buy rating and set a $117.00 price target on the stock in a report on Wednesday. UBS Group lifted their price target on CF Industries from $105.00 to $108.00 and gave the stock a buy rating in a research report on Tuesday. Barclays started coverage on CF Industries in a research report on Wednesday, June 1st. They issued an equal weight rating and a $103.00 target price for the company. Royal Bank of Canada boosted their price target on CF Industries from $100.00 to $110.00 and gave the company a sector perform rating in a research note on Thursday, July 14th. Finally, Consumer Edge downgraded CF Industries from an overweight rating to an equal weight rating in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $96.78.

CF Industries Trading Up 1.0 %

Shares of CF opened at $100.05 on Wednesday. The firm’s 50 day simple moving average is $89.46 and its 200 day simple moving average is $90.59. The company has a market capitalization of $20.87 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.41 and a quick ratio of 1.50. CF Industries has a 1-year low of $43.19 and a 1-year high of $113.49.

CF Industries (NYSE:CFGet Rating) last issued its quarterly earnings results on Monday, August 1st. The basic materials company reported $6.19 EPS for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). CF Industries had a net margin of 25.28% and a return on equity of 49.10%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s revenue was up 113.4% on a year-over-year basis. Sell-side analysts forecast that CF Industries will post 18.42 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. CF Industries’s payout ratio is 13.11%.

Insiders Place Their Bets

In other news, VP Richard A. Hoker sold 6,684 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $94.90, for a total value of $634,311.60. Following the completion of the sale, the vice president now directly owns 45,243 shares of the company’s stock, valued at approximately $4,293,560.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently bought and sold shares of the stock. Loomis Sayles & Co. L P lifted its stake in shares of CF Industries by 8.6% during the second quarter. Loomis Sayles & Co. L P now owns 1,278 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC increased its holdings in CF Industries by 32.7% in the first quarter. Signaturefd LLC now owns 528 shares of the basic materials company’s stock valued at $54,000 after buying an additional 130 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in shares of CF Industries by 3.0% during the first quarter. Jacobi Capital Management LLC now owns 4,741 shares of the basic materials company’s stock valued at $489,000 after purchasing an additional 136 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of CF Industries by 64.3% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of CF Industries by 0.3% during the first quarter. State of Michigan Retirement System now owns 54,154 shares of the basic materials company’s stock valued at $5,581,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.

About CF Industries

(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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