CF Industries (NYSE:CF) PT Lowered to $80.00 at Scotiabank

CF Industries (NYSE:CF) had its price target reduced by Scotiabank from $86.00 to $80.00 in a research report report published on Monday, Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock. Scotiabank also issued estimates for CF Industries’ Q2 2024 earnings at $2.25 EPS, FY2024 earnings at $7.06 EPS and FY2025 earnings at $6.57 EPS.

CF has been the subject of a number of other reports. Wolfe Research began coverage on CF Industries in a research report on Friday, March 1st. They set an outperform rating and a $99.00 price objective for the company. Wells Fargo & Company decreased their target price on CF Industries from $98.00 to $97.00 and set an overweight rating for the company in a research note on Friday, February 16th. BMO Capital Markets decreased their target price on CF Industries from $100.00 to $95.00 and set an outperform rating for the company in a research note on Monday. Piper Sandler cut CF Industries from a neutral rating to an underweight rating and decreased their target price for the stock from $87.00 to $82.00 in a research note on Thursday, February 29th. Finally, UBS Group cut CF Industries from a buy rating to a neutral rating and decreased their target price for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has a consensus rating of Hold and a consensus target price of $85.00.

CF Industries Stock Performance

Shares of CF Industries stock opened at $73.24 on Monday. CF Industries has a one year low of $60.08 and a one year high of $87.90. The company has a market cap of $13.39 billion, a PE ratio of 12.17, a P/E/G ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. The business has a 50-day simple moving average of $81.11 and a 200-day simple moving average of $79.11.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $2.85 earnings per share. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, equities research analysts forecast that CF Industries will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CF. Westside Investment Management Inc. acquired a new position in CF Industries during the first quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CF Industries in the fourth quarter valued at $29,000. ORG Partners LLC grew its holdings in CF Industries by 428.6% in the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in CF Industries in the fourth quarter valued at $32,000. Finally, Meeder Asset Management Inc. acquired a new stake in CF Industries in the fourth quarter valued at $36,000. Institutional investors and hedge funds 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.