Analysts Set CF Industries Holdings, Inc. (NYSE:CF) Target Price at $59.65

CF Industries Holdings, Inc. (NYSE:CF) has been assigned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $60.96.

CF has been the subject of a number of recent analyst reports. Berenberg Bank raised CF Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $54.00 to $60.00 in a report on Tuesday, August 17th. Mizuho started coverage on CF Industries in a report on Tuesday, October 12th. They set a “neutral” rating and a $65.00 price objective for the company. Bank of America boosted their price objective on CF Industries from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, September 14th. Royal Bank of Canada boosted their price objective on CF Industries from $65.00 to $70.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th. Finally, Zacks Investment Research raised CF Industries from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a report on Wednesday, November 10th.

In other CF Industries news, Director Stephen A. Furbacher sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $65.98, for a total value of $131,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher D. Bohn sold 56,580 shares of the business’s stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $59.30, for a total value of $3,355,194.00. The disclosure for this sale can be found here. Insiders sold 233,422 shares of company stock valued at $14,650,950 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. purchased a new stake in CF Industries in the third quarter worth $28,000. Bbva USA purchased a new stake in shares of CF Industries in the second quarter worth $34,000. Key Financial Inc purchased a new stake in shares of CF Industries in the second quarter worth $37,000. Eagle Bay Advisors LLC purchased a new stake in shares of CF Industries in the second quarter worth $39,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of CF Industries in the third quarter worth $39,000. 91.39% of the stock is currently owned by institutional investors.

CF traded down $0.10 during trading hours on Friday, hitting $65.14. The stock had a trading volume of 1,138,843 shares, compared to its average volume of 2,369,031. The company’s fifty day simple moving average is $59.35 and its 200 day simple moving average is $52.91. CF Industries has a 1 year low of $36.21 and a 1 year high of $68.09. The stock has a market cap of $13.97 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 0.62.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 3rd. The basic materials company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.43 billion. CF Industries had a net margin of 5.86% and a return on equity of 12.08%. As a group, equities analysts expect that CF Industries will post 5.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 30th. Investors of record on Monday, November 15th will be given a $0.30 dividend. The ex-dividend date is Friday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. CF Industries’s payout ratio is 86.96%.

CF Industries Company Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Analyst Recommendations for CF Industries (NYSE:CF)

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