CF Industries (NYSE:CF) Price Target Raised to $69.00 at Berenberg Bank

CF Industries (NYSE:CF) had its price objective boosted by Berenberg Bank from $68.00 to $69.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Berenberg Bank currently has a hold rating on the basic materials company’s stock.

A number of other equities analysts also recently commented on CF. Bank of America restated a neutral rating and issued a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. UBS Group lowered shares of CF Industries from a buy rating to a neutral rating and cut their price target for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Wolfe Research started coverage on shares of CF Industries in a research note on Friday, March 1st. They set an outperform rating and a $99.00 price objective for the company. Royal Bank of Canada reissued an outperform rating and issued a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Finally, Barclays raised shares of CF Industries from an underweight rating to an equal weight rating and set a $85.00 price target for the company in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $87.94.

CF Industries Stock Performance

Shares of CF stock opened at $77.80 on Wednesday. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03. The company has a 50 day moving average price of $81.34 and a 200 day moving average price of $79.77. CF Industries has a one year low of $60.08 and a one year high of $87.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81.

CF Industries (NYSE:CF) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned $4.35 earnings per share. The company’s quarterly revenue was down 39.8% on a year-over-year basis. Sell-side analysts anticipate that CF Industries will post 5.85 EPS for the current year.

CF Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from CF Industries’s previous quarterly dividend of $0.40. CF Industries’s dividend payout ratio (DPR) is presently 25.51%.

Insider Buying and Selling

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. River Street Advisors LLC increased its holdings in shares of CF Industries by 6.8% in the 1st quarter. River Street Advisors LLC now owns 4,226 shares of the basic materials company’s stock valued at $352,000 after acquiring an additional 268 shares during the last quarter. Guidance Capital Inc. bought a new stake in CF Industries during the first quarter valued at $863,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of CF Industries during the first quarter worth $205,000. Independence Bank of Kentucky lifted its position in shares of CF Industries by 12.3% in the 1st quarter. Independence Bank of Kentucky now owns 5,954 shares of the basic materials company’s stock worth $495,000 after buying an additional 654 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in shares of CF Industries by 39.9% in the 1st quarter. Kathmere Capital Management LLC now owns 4,106 shares of the basic materials company’s stock valued at $342,000 after buying an additional 1,171 shares during the period. Institutional investors own 93.06% of the company’s stock.

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.