Royal Bank Of Canada Cuts CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF) had its target price trimmed by Royal Bank Of Canada from $100.00 to $95.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a sector perform rating on the basic materials company’s stock.

Several other brokerages have also recently commented on CF. UBS Group lowered their price target on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company lifted their target price on shares of CF Industries from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Industries in a research report on Tuesday, October 14th. BNP Paribas lowered CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Barclays raised CF Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.38.

CF Industries Price Performance

NYSE:CF opened at $84.74 on Monday. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13.22 billion, a PE ratio of 11.06 and a beta of 0.89. CF Industries has a 12 month low of $67.34 and a 12 month high of $104.45. The company’s 50-day moving average price is $86.17 and its two-hundred day moving average price is $88.64.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $1.55 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, equities analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. CF Industries’s dividend payout ratio is currently 24.10%.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of CF Industries in the second quarter valued at approximately $26,000. Harbor Capital Advisors Inc. raised its stake in 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 acquiring an additional 128 shares during the period. Zions Bancorporation National Association UT acquired a new stake in CF Industries during the 1st quarter valued at $27,000. TCTC Holdings LLC boosted its position in CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 202 shares during the period. Finally, True Wealth Design LLC increased its holdings in shares of CF Industries by 396.2% in the third 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 during the last quarter. 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.