CF Industries (NYSE:CF) Price Target Raised to $48.00 at Royal Bank of Canada

CF Industries (NYSE:CF) had its price target raised by Royal Bank of Canada from $45.00 to $48.00 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the company. Exane BNP Paribas began coverage on CF Industries in a research note on Wednesday, January 20th. They issued a neutral rating and a $43.00 price target on the stock. TheStreet upgraded CF Industries from a c+ rating to a b rating in a research note on Wednesday, February 17th. Stephens upgraded CF Industries from an equal weight rating to an overweight rating and lifted their target price for the company from $39.00 to $44.00 in a research report on Monday, November 23rd. BMO Capital Markets lifted their target price on CF Industries from $49.00 to $54.00 in a research report on Friday. Finally, UBS Group lowered their target price on CF Industries from $38.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. CF Industries currently has an average rating of Hold and a consensus target price of $41.53.

NYSE CF opened at $46.87 on Monday. CF Industries has a fifty-two week low of $19.73 and a fifty-two week high of $47.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a 50 day simple moving average of $43.58 and a two-hundred day simple moving average of $35.81. The stock has a market cap of $10.03 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 4.95 and a beta of 1.28.

CF Industries (NYSE:CF) last released its quarterly earnings data on Tuesday, February 16th. The basic materials company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.29. CF Industries had a return on equity of 5.14% and a net margin of 7.00%. During the same period in the previous year, the company posted $0.33 earnings per share. Sell-side analysts predict that CF Industries will post 1.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Tuesday, February 16th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. CF Industries’s dividend payout ratio (DPR) is presently 62.18%.

Several large investors have recently made changes to their positions in CF. Louisiana State Employees Retirement System boosted its position in shares of CF Industries by 18.5% during the third quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the basic materials company’s stock valued at $335,000 after buying an additional 1,700 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in shares of CF Industries by 1.9% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 22,811 shares of the basic materials company’s stock valued at $701,000 after buying an additional 419 shares during the period. Clear Harbor Asset Management LLC boosted its position in shares of CF Industries by 9.9% during the third quarter. Clear Harbor Asset Management LLC now owns 111,090 shares of the basic materials company’s stock valued at $3,412,000 after buying an additional 10,000 shares during the period. New Mexico Educational Retirement Board boosted its holdings in shares of CF Industries by 16.0% in the third quarter. New Mexico Educational Retirement Board now owns 17,030 shares of the basic materials company’s stock valued at $838,000 after purchasing an additional 2,350 shares during the period. Finally, KBC Group NV boosted its holdings in shares of CF Industries by 5.5% in the third quarter. KBC Group NV now owns 91,790 shares of the basic materials company’s stock valued at $2,819,000 after purchasing an additional 4,773 shares during the period. Institutional investors and hedge funds own 91.04% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include anhydrous ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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