Analysts Set CF Industries Holdings, Inc. (NYSE:CF) PT at $88.42

CF Industries Holdings, Inc. (NYSE:CF) has received an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $88.42.

A number of research firms have recently issued reports on CF. Barclays raised their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Piper Sandler lifted their price objective on shares of CF Industries from $77.00 to $79.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a report on Wednesday, October 16th. Finally, Scotiabank increased their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th.

Insider Buying and Selling

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,201 shares of company stock worth $1,727,694. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. boosted its position in shares of CF Industries by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 135 shares during the last quarter. First Horizon Advisors Inc. grew its stake in CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after buying an additional 167 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after buying an additional 179 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of NYSE:CF opened at $88.15 on Friday. The firm’s 50 day simple moving average is $85.41 and its 200 day simple moving average is $79.47. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $91.06. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, sell-side analysts forecast that CF Industries will post 6.32 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is 31.65%.

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.