Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) Price Target at $88.42

CF Industries Holdings, Inc. (NYSE:CF) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $88.42.

Several equities research analysts have recently weighed in on CF shares. Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Mizuho lifted their target price on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Barclays lifted their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th.

CF Industries Stock Up 1.1 %

Shares of NYSE CF opened at $89.66 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries has a 1 year low of $69.13 and a 1 year high of $91.06. The stock’s 50-day simple moving average is $85.96 and its 200-day simple moving average is $79.80. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.34 and a beta of 0.97.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $0.85 EPS. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that CF Industries will post 6.32 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio (DPR) is 31.65%.

Insider Transactions at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,201 shares of company stock worth $1,727,694. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CF. Coldstream Capital Management Inc. boosted its position in shares of CF Industries by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 135 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in CF Industries by 8.5% during the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after buying an additional 167 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of CF Industries by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after buying an additional 179 shares in the last quarter. Finally, UMB Bank n.a. lifted 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 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.