Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) PT at $85.00

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $85.00.

A number of analysts recently issued reports on the company. Scotiabank reduced their price objective on CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Berenberg Bank boosted their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Piper Sandler reduced their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research report on Tuesday, May 7th. Finally, BMO Capital Markets reduced their price target on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, May 6th.

Hedge Funds Weigh In On CF Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in CF Industries during the first quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in shares of CF Industries in the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new stake in shares of CF Industries in the 4th quarter valued at approximately $36,000. Finally, ORG Partners LLC grew its stake in shares of CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 230 shares during the period. 93.06% of the stock is currently owned by institutional investors.

CF Industries Price Performance

CF opened at $74.12 on Thursday. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.37 and a beta of 1.00. CF Industries has a 1 year low of $67.97 and a 1 year high of $87.90. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $76.55 and a 200 day moving average price of $78.66.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 EPS. Analysts forecast that CF Industries will post 5.26 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.70%. CF Industries’s dividend payout ratio is 33.22%.

CF Industries Company Profile

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.