CF Industries (NYSE:CF) Price Target Raised to $106.00

CF Industries (NYSE:CF) had its price objective hoisted by Bank of America from $103.00 to $106.00 in a report published on Thursday,MarketScreener reports.

A number of other research analysts also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of CF Industries from $132.00 to $133.00 in a research report on Friday, May 8th. Rothschild & Co Redburn set a $72.00 price objective on shares of CF Industries in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their price objective on shares of CF Industries from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. BMO Capital Markets boosted their price objective on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Finally, Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, CF Industries has a consensus rating of “Hold” and a consensus price target of $118.47.

CF Industries Stock Up 1.8%

CF stock opened at $125.24 on Thursday. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96. The company’s 50 day simple moving average is $123.96 and its 200-day simple moving average is $98.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The firm has a market capitalization of $19.24 billion, a P/E ratio of 11.25 and a beta of 0.42.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts anticipate that CF Industries will post 15.02 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CF Industries’s payout ratio is currently 17.97%.

Insider Buying and Selling

In related news, VP Erik M. Mayer sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total transaction of $187,035.00. Following the completion of the sale, the vice president directly owned 6,341 shares of the company’s stock, valued at approximately $790,659.29. This represents a 19.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard A. Hoker sold 3,499 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $125.38, for a total transaction of $438,704.62. Following the sale, the vice president directly owned 31,036 shares of the company’s stock, valued at approximately $3,891,293.68. This represents a 10.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,408 shares of company stock valued at $9,971,298. 0.51% of the stock is owned by company insiders.

Institutional Trading of CF Industries

Several large investors have recently modified their holdings of CF. Annis Gardner Whiting Capital Advisors LLC raised its stake in CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 84 shares during the last quarter. Personal CFO Solutions LLC raised its stake in CF Industries by 1.1% during the 1st quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 89 shares during the last quarter. Lakewood Asset Management LLC raised its stake in CF Industries by 0.9% during the 4th quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC raised its stake in CF Industries by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,365 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 116 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in CF Industries by 23.3% during the 1st quarter. Root Financial Partners LLC now owns 614 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 116 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

About CF Industries

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.