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

CF Industries (NYSE:CF) had its target price reduced by Barclays from $85.00 to $80.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

Several other equities analysts also recently commented on the stock. Piper Sandler lowered their target price on shares of CF Industries from $82.00 to $75.00 and set an underweight rating on the stock in a report on Tuesday, May 7th. Berenberg Bank boosted their target price on shares of CF Industries from $68.00 to $69.00 and gave the stock a hold rating in a report on Wednesday, April 17th. Wells Fargo & Company lowered their target price 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. Royal Bank of Canada decreased their price target on shares of CF Industries from $90.00 to $85.00 and set an outperform rating on the stock in a research note on Monday, July 15th. Finally, BMO Capital Markets decreased their price target on shares of CF Industries from $100.00 to $95.00 and set an outperform rating on the stock in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, CF Industries currently has a consensus rating of Hold and a consensus target price of $82.87.

CF Industries Stock Performance

Shares of NYSE CF opened at $75.05 on Tuesday. The firm has a 50 day moving average of $74.49 and a 200 day moving average of $77.54. 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 firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 2.30 and a beta of 0.95. CF Industries has a 12-month low of $69.13 and a 12-month high of $87.90.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $2.85 EPS. CF Industries’s quarterly revenue was down 26.9% compared to the same quarter last year. On average, research analysts anticipate that CF Industries will post 5.18 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio is currently 33.22%.

Institutional Trading of CF Industries

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in CF Industries in the 4th quarter worth approximately $193,145,000. Boston Partners boosted its stake in CF Industries by 37.5% in 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock worth $122,933,000 after purchasing an additional 630,264 shares in the last quarter. First Trust Advisors LP boosted its stake in CF Industries by 16.5% in the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock worth $232,779,000 after purchasing an additional 414,785 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CF Industries by 137.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after purchasing an additional 335,624 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

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.