Scotiabank Issues Positive Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price hoisted by Scotiabank from $82.00 to $90.00 in a research note published on Monday morning, MarketBeat reports. They currently have a sector perform rating on the basic materials company’s stock.

CF has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Industries in a report on Tuesday, October 14th. Bank of America upped their price target on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a report on Tuesday, October 14th. Wells Fargo & Company increased their price target on CF Industries from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Mizuho cut their price objective on shares of CF Industries from $100.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, HSBC reduced their target price on shares of CF Industries from $104.00 to $95.00 and set a “hold” rating for the company in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average target price of $96.38.

CF Industries Price Performance

Shares of CF opened at $82.81 on Monday. The stock has a market cap of $13.41 billion, a P/E ratio of 10.81 and a beta of 0.89. The business’s fifty day moving average is $86.25 and its 200 day moving average is $88.63. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF) last released its quarterly earnings data 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. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. Sell-side analysts anticipate that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.4%. CF Industries’s dividend payout ratio (DPR) is 24.10%.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently made changes to their positions in CF. Envestnet Asset Management Inc. increased its position in shares of CF Industries by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 261,251 shares of the basic materials company’s stock valued at $20,417,000 after buying an additional 8,078 shares during the period. Alps Advisors Inc. boosted its position in shares of CF Industries by 3.5% in the first quarter. Alps Advisors Inc. now owns 4,624 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 158 shares during the period. Cerity Partners LLC grew its stake in CF Industries by 31.2% during the first quarter. Cerity Partners LLC now owns 17,208 shares of the basic materials company’s stock valued at $1,345,000 after acquiring an additional 4,089 shares in the last quarter. CWM LLC increased its holdings in CF Industries by 14.2% during the 1st quarter. CWM LLC now owns 45,240 shares of the basic materials company’s stock worth $3,536,000 after acquiring an additional 5,636 shares during the period. Finally, MQS Management LLC purchased a new stake in CF Industries in the 1st quarter worth approximately $261,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.