CF Industries (NYSE:CF) Upgraded at Barclays

Barclays upgraded shares of CF Industries (NYSE:CF) from an equal weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $90.00 target price on the basic materials company’s stock, up from their previous target price of $80.00.

CF has been the subject of a number of other research reports. Scotiabank boosted their price target on CF Industries from $80.00 to $88.00 and gave the stock a sector perform rating in a research report on Monday, August 12th. Bank of America upped their target price on CF Industries from $76.00 to $83.00 and gave the stock a neutral rating in a research report on Friday, August 9th. Wells Fargo & Company dropped their price target on shares of CF Industries from $87.00 to $83.00 and set an overweight rating on the stock in a research report on Tuesday, July 16th. BMO Capital Markets upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an outperform rating in a report on Friday, August 9th. Finally, UBS Group lifted their target price on shares of CF Industries from $78.00 to $80.00 and gave the stock a neutral rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CF Industries has a consensus rating of Hold and a consensus price target of $86.45.

CF Industries Stock Up 1.5 %

Shares of CF Industries stock opened at $80.97 on Friday. The stock has a 50-day simple moving average of $74.14 and a 200-day simple moving average of $77.61. CF Industries has a 52-week low of $69.13 and a 52-week high of $87.90. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.44 and a beta of 0.95. 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, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.80 by $0.50. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.70 earnings per share. On average, equities research analysts expect that CF Industries will post 5.18 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. CF Industries’s dividend payout ratio is currently 33.22%.

Institutional Trading of CF Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in CF Industries during the first quarter worth $25,000. UMB Bank n.a. boosted its position 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 valued at $49,000 after acquiring an additional 191 shares in the last quarter. Mather Group LLC. bought a new stake in CF Industries in the first quarter valued at about $55,000. nVerses Capital LLC raised its position in CF Industries by 250.0% in the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 500 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 167 shares during the period. 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.