CF Industries (NYSE:CF) PT Raised to $67.00

CF Industries (NYSE:CF) had its target price boosted by Bank of America from $64.00 to $67.00 in a research report sent to investors on Tuesday morning, Price Targets.com reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other brokerages also recently issued reports on CF. HSBC raised CF Industries from a hold rating to a buy rating and raised their price target for the company from $57.00 to $59.50 in a research report on Friday, August 20th. Royal Bank of Canada raised their price target on CF Industries from $52.00 to $57.00 and gave the company a sector perform rating in a research report on Thursday, July 8th. Berenberg Bank raised CF Industries from a hold rating to a buy rating and raised their price target for the company from $54.00 to $60.00 in a research report on Tuesday, August 17th. Finally, Zacks Investment Research downgraded CF Industries from a strong-buy rating to a hold rating and set a $53.00 price target on the stock. in a research report on Monday, July 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $53.50.

CF Industries stock opened at $46.12 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.44 and a quick ratio of 1.99. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.66 and a beta of 1.27. CF Industries has a one year low of $25.30 and a one year high of $57.19. The company’s fifty day moving average price is $46.72 and its two-hundred day moving average price is $48.80.

CF Industries (NYSE:CF) last posted its earnings results on Sunday, August 8th. The basic materials company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.64 by ($0.50). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. CF Industries had a return on equity of 8.03% and a net margin of 9.95%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, sell-side analysts anticipate that CF Industries will post 4.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, August 13th. CF Industries’s dividend payout ratio is 81.63%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its stake in CF Industries by 4.3% during the second quarter. Parametric Portfolio Associates LLC now owns 744,989 shares of the basic materials company’s stock worth $38,330,000 after purchasing an additional 30,890 shares during the period. BDO Wealth Advisors LLC lifted its stake in CF Industries by 5.1% during the second quarter. BDO Wealth Advisors LLC now owns 22,685 shares of the basic materials company’s stock worth $1,167,000 after purchasing an additional 1,093 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in CF Industries by 172.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 12,365 shares of the basic materials company’s stock worth $636,000 after purchasing an additional 7,826 shares during the period. Morgan Stanley lifted its stake in CF Industries by 47.4% during the second quarter. Morgan Stanley now owns 1,314,073 shares of the basic materials company’s stock worth $67,609,000 after purchasing an additional 422,514 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its stake in CF Industries by 6.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 28,460 shares of the basic materials company’s stock worth $1,464,000 after purchasing an additional 1,695 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Analyst Recommendations for CF Industries (NYSE:CF)

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