CF Industries (NYSE:CF) Price Target Raised to $105.00

CF Industries (NYSE:CF) had its target price boosted by Mizuho from $100.00 to $105.00 in a research report released on Tuesday,Benzinga reports. They currently have an underperform rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the company. BMO Capital Markets boosted their price objective on CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Royal Bank Of Canada lifted their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Wells Fargo & Company boosted their price target on shares of CF Industries from $100.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $103.00 price objective on shares of CF Industries in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of CF Industries from $100.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.93.

CF Industries Stock Up 1.6%

Shares of CF opened at $130.02 on Tuesday. The business’s fifty day moving average price is $108.01 and its two-hundred day moving average price is $91.69. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 14.45 and a beta of 0.52. CF Industries has a 52 week low of $67.34 and a 52 week high of $141.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.78 billion. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. On average, analysts predict that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.00 annualized dividend and a yield of 1.5%. CF Industries’s dividend payout ratio (DPR) is presently 22.22%.

Insider Activity

In other CF Industries news, VP Richard A. Hoker sold 6,184 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $109.33, for a total value of $676,096.72. Following the completion of the sale, the vice president owned 34,535 shares of the company’s stock, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 10,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $119.01, for a total transaction of $1,190,100.00. Following the completion of the sale, the executive vice president owned 87,256 shares in the company, valued at approximately $10,384,336.56. This trade represents a 10.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,408 shares of company stock worth $9,971,298 in the last ninety days. Company insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

Several hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of CF Industries by 396.2% during the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 309 shares in the last quarter. Eastern Bank acquired a new position in shares of CF Industries in the 3rd quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its position in shares of 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 during the period. Finally, Peterson Wealth Services increased its stake in CF Industries by 451.3% during the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.