CF Industries Holdings, Inc. (NYSE:CF) Receives $117.25 Average Target Price from Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $116.6250.

Several research analysts have recently issued reports on the stock. Berenberg Bank raised their target price on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. HSBC cut their price objective on shares of CF Industries from $130.00 to $121.00 in a report on Wednesday, June 17th. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. UBS Group lowered their target price on shares of CF Industries from $140.00 to $130.00 in a report on Friday, May 8th. Finally, Bank of America upped their target price on shares of CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th.

CF Industries Price Performance

Shares of CF stock opened at $121.17 on Friday. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 10.89 and a beta of 0.40. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $114.30 and a 200 day moving average price of $109.51.

CF Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s payout ratio is presently 17.97%.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently added to or reduced their stakes in CF. Himension Capital Singapore PTE. LTD. acquired a new position in shares of CF Industries during the 1st quarter worth about $25,000. Hantz Financial Services Inc. raised its position in shares of CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 156 shares during the period. Stance Capital LLC acquired a new stake in shares of CF Industries in the 3rd quarter valued at approximately $42,000. Eagle Bay Advisors LLC bought a new position in CF Industries during the 4th quarter worth approximately $43,000. Finally, WPG Advisers LLC boosted its stake in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.