CF Industries (NYSE:CF) Given New $95.00 Price Target at BMO Capital Markets

CF Industries (NYSE:CF) had its price target decreased by BMO Capital Markets from $100.00 to $95.00 in a report released on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of CF Industries in a report on Friday, March 1st. They issued an outperform rating and a $99.00 price target for the company. Berenberg Bank raised their price objective on CF Industries from $68.00 to $69.00 and gave the stock a hold rating in a research note on Wednesday, April 17th. Barclays upgraded CF Industries from an underweight rating to an equal weight rating and set a $85.00 target price on the stock in a research report on Friday, January 12th. Bank of America restated a neutral rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price objective on shares of CF Industries from $98.00 to $97.00 and set an overweight rating on the stock in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $85.00.

CF Industries Stock Performance

Shares of CF Industries stock opened at $74.31 on Monday. CF Industries has a one year low of $60.08 and a one year high of $87.90. The company has a market capitalization of $13.58 billion, a PE ratio of 12.34, a P/E/G ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94. The company has a 50-day simple moving average of $80.98 and a two-hundred day simple moving average of $79.07.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the company earned $2.85 EPS. The company’s revenue was down 26.9% on a year-over-year basis. Research analysts expect that CF Industries will post 5.86 EPS for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is currently 33.22%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

A number of large investors have recently bought and sold shares of CF. Westside Investment Management Inc. purchased a new stake in shares of CF Industries in the first quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CF Industries during the 4th quarter worth approximately $29,000. ORG Partners LLC grew its stake in shares of CF Industries by 428.6% in the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of CF Industries during the fourth quarter worth approximately $36,000. 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.