Mizuho Boosts CF Industries (NYSE:CF) Price Target to $93.00

CF Industries (NYSE:CF) had its target price hoisted by Mizuho from $76.00 to $93.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also commented on the company. Barclays raised CF Industries from an equal weight rating to an overweight rating and increased their price target for the company from $80.00 to $90.00 in a research report on Friday, August 16th. Royal Bank of Canada boosted their price target on shares of CF Industries from $85.00 to $95.00 and gave the stock an outperform rating in a report on Monday, August 12th. BMO Capital Markets increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an outperform rating in a research note on Friday, August 9th. Scotiabank boosted their target price on CF Industries from $80.00 to $88.00 and gave the stock a sector perform rating in a research note on Monday, August 12th. Finally, Bank of America upped their target price on CF Industries from $76.00 to $83.00 and gave the company a neutral rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, CF Industries currently has a consensus rating of Hold and a consensus target price of $88.64.

CF Industries Trading Down 0.5 %

NYSE:CF opened at $87.82 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19. CF Industries has a one year low of $69.13 and a one year high of $90.86. The company has a market cap of $15.84 billion, a PE ratio of 15.63, a PEG ratio of 2.49 and a beta of 0.95. The firm has a 50-day moving average of $81.84 and a 200-day moving average of $78.25.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 EPS. As a group, equities research analysts expect that CF Industries will post 5.84 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s dividend payout ratio is currently 35.59%.

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its stake in CF Industries by 4.5% during the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after buying an additional 140 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of CF Industries by 4.8% during the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 141 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 146 shares during the last quarter. Czech National Bank raised its stake in CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 153 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in CF Industries by 4.9% during the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 154 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

About CF Industries

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.