CF Industries Holdings, Inc. (NYSE:CF) Receives $85.55 Average Target Price from Analysts

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $86.45.

CF has been the topic of several recent analyst reports. Piper Sandler reduced their target price on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 7th. Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $90.00 in a research report on Friday. UBS Group boosted their target price on shares of CF Industries from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Scotiabank raised their price target on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, Wells Fargo & Company dropped their price objective on shares of CF Industries from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th.

CF Industries Stock Up 1.5 %

NYSE:CF opened at $80.97 on Friday. The company’s 50-day simple moving average is $74.14 and its 200-day simple moving average is $77.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $87.90. The stock has a market capitalization of $14.80 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.44 and a beta of 0.95.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $2.70 earnings per share. CF Industries’s revenue was down 11.4% compared to the same quarter last year. On average, equities analysts anticipate that CF Industries will post 5.18 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, August 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Hedge Funds Weigh In On CF Industries

Several institutional investors and hedge funds have recently modified their holdings of CF. Victory Capital Management Inc. raised its position in CF Industries by 401.2% during the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock valued at $269,729,000 after acquiring an additional 2,912,942 shares in the last quarter. Boston Partners grew its stake in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares during the period. First Trust Advisors LP increased its holdings in shares of CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after purchasing an additional 414,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock valued at $212,823,000 after purchasing an additional 198,246 shares during the period. Finally, Norges Bank purchased a new stake in CF Industries during the fourth quarter worth $193,145,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.