Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) Price Target at $89.86

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $89.86.

Several brokerages have recently weighed in on CF. Scotiabank dropped their price objective on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a report on Monday, February 24th. Oppenheimer dropped their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Bank of America raised CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price objective for the company in a research note on Monday, February 24th. Royal Bank of Canada lowered their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Finally, Piper Sandler lifted their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th.

Insider Buying and Selling at CF Industries

In related news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,889 shares of company stock worth $1,130,955. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of hedge funds have recently modified their holdings of CF. Mizuho Bank Ltd. purchased a new stake in CF Industries during the fourth quarter valued at about $26,000. Heck Capital Advisors LLC bought a new stake in shares of CF Industries in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new stake in shares of CF Industries during the 3rd quarter valued at approximately $39,000. Creative Financial Designs Inc. ADV boosted its holdings in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after buying an additional 161 shares during the period. Finally, Asset Planning Inc purchased a new position in CF Industries in the 4th quarter valued at approximately $44,000. Institutional investors own 93.06% of the company’s stock.

CF Industries Stock Up 0.2 %

Shares of CF Industries stock opened at $79.74 on Friday. The stock’s 50-day moving average is $81.55 and its 200 day moving average is $85.11. CF Industries has a one year low of $69.13 and a one year high of $98.25. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities research analysts anticipate that CF Industries will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is presently 29.54%.

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.