Cowen Reaffirms Market Perform Rating for CF Industries (CF)

Cowen restated their market perform rating on shares of CF Industries (NYSE:CF) in a research report released on Tuesday, MarketBeat reports. The brokerage currently has a $40.00 target price on the basic materials company’s stock, up from their previous target price of $33.00.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered CF Industries from a buy rating to a hold rating in a report on Tuesday, December 12th. Credit Suisse Group set a $40.00 target price on CF Industries and gave the company a hold rating in a report on Tuesday, January 16th. Royal Bank of Canada upped their target price on CF Industries from $27.00 to $32.00 and gave the company an underperform rating in a report on Friday, November 3rd. Atlantic Securities lowered CF Industries from a neutral rating to an underweight rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Stephens initiated coverage on CF Industries in a report on Monday, December 4th. They issued an equal weight rating and a $38.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. CF Industries presently has a consensus rating of Hold and an average price target of $38.02.

CF Industries (NYSE CF) opened at $42.97 on Tuesday. CF Industries has a twelve month low of $25.04 and a twelve month high of $43.98. The company has a quick ratio of 2.05, a current ratio of 2.53 and a debt-to-equity ratio of 0.70.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. CF Industries’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.39) earnings per share. research analysts anticipate that CF Industries will post 0.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, February 15th. CF Industries’s payout ratio is currently 78.95%.

Several institutional investors and hedge funds have recently bought and sold shares of CF. Platinum Investment Management Ltd. acquired a new stake in shares of CF Industries during the fourth quarter valued at $69,077,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of CF Industries by 814.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock valued at $35,425,000 after acquiring an additional 741,681 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of CF Industries by 190.0% during the third quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock valued at $39,256,000 after acquiring an additional 731,525 shares during the last quarter. Anchor Bolt Capital LP boosted its stake in shares of CF Industries by 679.0% during the third quarter. Anchor Bolt Capital LP now owns 711,223 shares of the basic materials company’s stock valued at $25,007,000 after acquiring an additional 619,928 shares during the last quarter. Finally, Element Capital Management LLC acquired a new stake in shares of CF Industries during the fourth quarter valued at $24,657,000.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Analyst Recommendations for CF Industries (NYSE:CF)

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