Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) PT at $92.43

CF Industries Holdings, Inc. (NYSE:CF) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $92.43.

CF has been the topic of several research analyst reports. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 16th. Oppenheimer lowered their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st.

Insider Activity

In other news, VP Ashraf K. Malik sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock valued at $2,355,425 in the last quarter. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in CF Industries by 15.5% in the fourth quarter. HighTower Advisors LLC now owns 19,414 shares of the basic materials company’s stock valued at $1,656,000 after purchasing an additional 2,612 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of CF Industries by 206.9% in the 4th quarter. Wealthfront Advisers LLC now owns 84,308 shares of the basic materials company’s stock valued at $7,193,000 after buying an additional 56,837 shares during the period. Independent Advisor Alliance acquired a new position in shares of CF Industries during the fourth quarter worth about $338,000. Daiwa Securities Group Inc. increased its stake in shares of CF Industries by 4.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 23,269 shares of the basic materials company’s stock worth $1,985,000 after buying an additional 1,023 shares during the period. Finally, Moran Wealth Management LLC raised its holdings in CF Industries by 97.4% in the fourth quarter. Moran Wealth Management LLC now owns 7,456 shares of the basic materials company’s stock valued at $636,000 after acquiring an additional 3,679 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Stock Performance

CF opened at $83.96 on Friday. The firm’s fifty day simple moving average is $89.44 and its two-hundred day simple moving average is $85.10. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a market cap of $14.61 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.39 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.38%. CF Industries’s dividend payout ratio (DPR) is 31.65%.

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.