CF Industries (NYSE:CF) Earns Neutral Rating from Analysts at CIBC

CIBC started coverage on shares of CF Industries (NYSE:CF) in a report issued on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $87.00 target price on the basic materials company’s stock.

CF has been the topic of several other reports. Zacks Research lowered shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Rothschild & Co Redburn boosted their target price on CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. Mizuho dropped their price target on CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Scotiabank boosted their price target on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, BNP Paribas Exane reduced their target price on CF Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.88.

CF Industries Price Performance

Shares of NYSE CF opened at $80.21 on Tuesday. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 9.66 and a beta of 0.68. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The business has a 50-day moving average of $84.20 and a 200-day moving average of $88.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, sell-side analysts predict that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, November 14th. CF Industries’s payout ratio is currently 24.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CF. Norges Bank bought a new stake in CF Industries during the second quarter valued at approximately $129,574,000. Worldquant Millennium Advisors LLC purchased a new stake in CF Industries in the second quarter worth $96,560,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of CF Industries by 926.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock valued at $102,897,000 after purchasing an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH lifted its position in CF Industries by 72.1% during the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after buying an additional 724,329 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in CF Industries during the second quarter worth about $63,104,000. 93.06% of the stock is owned by institutional investors.

About CF Industries

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.