CF Industries (NYSE:CF) Given New $80.00 Price Target at UBS Group

CF Industries (NYSE:CF) had its price objective upped by UBS Group from $78.00 to $80.00 in a report issued on Thursday, MarketBeat.com reports. They currently have a neutral rating on the basic materials company’s stock.

CF has been the subject of a number of other research reports. BMO Capital Markets dropped their price target on CF Industries from $100.00 to $95.00 and set an outperform rating for the company in a research note on Monday, May 6th. Scotiabank decreased their target price on CF Industries from $86.00 to $80.00 and set a sector perform rating on the stock in a research report on Monday, May 6th. Piper Sandler decreased their target price on CF Industries from $82.00 to $75.00 and set an underweight rating on the stock in a research report on Tuesday, May 7th. Royal Bank of Canada decreased their target price on CF Industries from $90.00 to $85.00 and set an outperform rating on the stock in a research report on Monday, July 15th. Finally, Bank of America reiterated a neutral rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $83.91.

CF Industries Price Performance

CF stock traded up $0.24 during midday trading on Thursday, reaching $79.77. The company had a trading volume of 1,554,091 shares, compared to its average volume of 2,275,662. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. The stock has a 50 day moving average price of $73.94 and a 200-day moving average price of $77.47. CF Industries has a 1-year low of $69.13 and a 1-year 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 quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 earnings per share. Equities research analysts expect 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

Institutional Trading of CF Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in CF Industries in the first quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in CF Industries in the fourth quarter valued at approximately $29,000. ORG Partners LLC boosted its holdings in CF Industries by 62.2% in the fourth quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 230 shares during the last quarter. UMB Bank n.a. boosted its holdings in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 500 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

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.