Analysts Set CF Industries Holdings, Inc. (NYSE:CF) PT at $119.63

Shares of CF Industries Holdings, Inc. (NYSE:CF) have earned an average rating of “Hold” from the twenty ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $118.50.

Several equities analysts recently weighed in on CF shares. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. BMO Capital Markets increased their price target on shares of CF Industries from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Barclays increased their price objective on shares of CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Canadian Imperial Bank of Commerce increased their price objective on CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th.

Institutional Trading of CF Industries

Several hedge funds have recently modified their holdings of the business. Himension Capital Singapore PTE. LTD. purchased a new position in CF Industries during the 1st quarter valued at about $25,000. Altshuler Shaham Ltd increased its stake in shares of CF Industries by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 112 shares during the last quarter. Stance Capital LLC purchased a new position in shares of CF Industries in the 3rd quarter worth $42,000. MUFG Securities EMEA plc purchased a new stake in shares of CF Industries during the 2nd quarter worth about $44,000. Finally, Hantz Financial Services Inc. increased its holdings in CF Industries by 46.3% in the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Trading Up 0.2%

NYSE:CF opened at $105.73 on Monday. The firm has a 50 day moving average of $116.39 and a 200 day moving average of $105.45. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 9.50 and a beta of 0.38.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.63 by $1.35. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. CF Industries’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 EPS. As a group, sell-side analysts anticipate that CF Industries will post 15.6 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. CF Industries’s dividend payout ratio is presently 17.97%.

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.