CF Industries (NYSE:CF) Price Target Lowered to $85.00 at Royal Bank of Canada

CF Industries (NYSE:CF) had its price objective reduced by Royal Bank of Canada from $90.00 to $85.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler lowered their price target on shares of CF Industries from $82.00 to $75.00 and set an underweight rating for the company in a report on Tuesday, May 7th. Bank of America restated a neutral rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Berenberg Bank boosted their price target on CF Industries from $68.00 to $69.00 and gave the stock a hold rating in a research note on Wednesday, April 17th. Scotiabank lowered their price objective on CF Industries from $86.00 to $80.00 and set a sector perform rating for the company in a research note on Monday, May 6th. Finally, UBS Group cut their target price on CF Industries from $86.00 to $78.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, CF Industries presently has a consensus rating of Hold and an average target price of $83.19.

CF Industries Trading Down 0.6 %

NYSE:CF opened at $72.41 on Monday. The business’s 50-day moving average is $74.83 and its two-hundred day moving average is $77.90. The firm has a market capitalization of $13.24 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. CF Industries has a 12 month low of $69.13 and a 12 month high of $87.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. CF Industries’s quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 EPS. Research analysts predict that CF Industries will post 5.19 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Institutional Investors Weigh In On CF Industries

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in CF Industries by 57.1% in the 2nd quarter. Blue Trust Inc. now owns 6,531 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 2,375 shares during the last quarter. Royal Fund Management LLC increased its position in CF Industries by 34.2% in the 2nd quarter. Royal Fund Management LLC now owns 11,770 shares of the basic materials company’s stock valued at $872,000 after acquiring an additional 3,000 shares during the period. Coronation Fund Managers Ltd. raised its stake in CF Industries by 8.4% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 128,320 shares of the basic materials company’s stock valued at $9,511,000 after acquiring an additional 9,943 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in CF Industries by 462.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 85,229 shares of the basic materials company’s stock worth $6,317,000 after acquiring an additional 70,067 shares during the period. Finally, Swedbank AB grew its stake in shares of CF Industries by 9.7% in the second quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock worth $19,374,000 after purchasing an additional 23,144 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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.