The Goldman Sachs Group Cuts CF Industries (NYSE:CF) Price Target to $90.00

CF Industries (NYSE:CF) had its price objective cut by The Goldman Sachs Group from $94.00 to $90.00 in a research report report published on Tuesday morning,MarketScreener reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other research firms have also weighed in on CF. Royal Bank Of Canada decreased their price target on CF Industries from $95.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. BNP Paribas Exane decreased their target price on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. BNP Paribas downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Cibc Captl Mkts raised shares of CF Industries to a “hold” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.06.

CF Industries Trading Down 1.0%

CF Industries stock opened at $78.24 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 9.43 and a beta of 0.68. CF Industries has a 1 year low of $67.34 and a 1 year high of $104.45. The firm’s 50 day moving average price is $81.75 and its two-hundred day moving average price is $87.49.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, research analysts predict that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Hedge Funds Weigh In On CF Industries

A number of hedge funds have recently modified their holdings of CF. Trust Co. of Toledo NA OH purchased a new position in CF Industries in the second quarter valued at about $26,000. Harbor Capital Advisors Inc. grew its stake in shares of CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after buying an additional 128 shares in the last quarter. True Wealth Design LLC increased its holdings in CF Industries by 396.2% in the third quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock worth $35,000 after buying an additional 309 shares during the last quarter. Eastern Bank bought a new position in CF Industries during the third quarter valued at approximately $35,000. Finally, Peterson Wealth Services lifted its stake in CF Industries by 451.3% in the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 361 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

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.