CF Industries Holdings, Inc. (NYSE:CF) Stock Has Consensus Target Price of $121.11 According to Brokerages

CF Industries Holdings, Inc. (NYSE:CF) has received a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $121.11.

Several research analysts have issued reports on CF shares. BNP Paribas Exane decreased their target price on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Rothschild & Co Redburn raised shares of CF Industries from a “sell” rating to a “neutral” rating and raised their price target for the company from $98.00 to $110.00 in a research report on Monday, September 28th. BMO Capital Markets decreased their price objective on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Finally, UBS Group upped their price objective on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, August 7th.

Hedge Funds Weigh In On CF Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Polaris Financial Partners purchased a new stake in shares of CF Industries during the 3rd quarter valued at about $126,000. CX Institutional raised its holdings in shares of CF Industries by 88.0% during the third quarter. CX Institutional now owns 79,982 shares of the basic materials company’s stock valued at $9,494,000 after purchasing an additional 37,437 shares during the last quarter. Private Client Services LLC lifted its position in CF Industries by 4.5% during the third quarter. Private Client Services LLC now owns 3,577 shares of the basic materials company’s stock valued at $412,000 after purchasing an additional 153 shares during the period. Montecito Bank & Trust lifted its position in CF Industries by 169.2% during the third quarter. Montecito Bank & Trust now owns 15,566 shares of the basic materials company’s stock valued at $1,906,000 after purchasing an additional 9,783 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in CF Industries by 38.7% in the third quarter. Confluence Investment Management LLC now owns 16,800 shares of the basic materials company’s stock worth $1,935,000 after purchasing an additional 4,685 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Trading Up 0.0%

CF Industries stock opened at $115.04 on Wednesday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $124.60 and its two-hundred day simple moving average is $121.02. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%.CF Industries’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 EPS. As a group, equities analysts predict that CF Industries will post 13.9 earnings per share for the current fiscal year.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 14th. CF Industries’s payout ratio is 17.79%.

CF Industries Company Profile

CF Industries Holdings, Inc (NYSE: CF) is a major global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and specialty nitrogen products used in agriculture, industrial applications and emissions-control systems.

CF Industries operates a network of production facilities in the United States, Canada and the United Kingdom, serving agricultural and industrial customers in North America and international markets.