CF Industries (NYSE:CF) PT Lowered to $78.00 at UBS Group

CF Industries (NYSE:CF) had its target price lowered by UBS Group from $86.00 to $78.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts have also commented on CF. Berenberg Bank raised their target price on shares of CF Industries from $68.00 to $69.00 and gave the company a hold rating in a report on Wednesday, April 17th. Scotiabank lowered their price objective on shares of CF Industries from $86.00 to $80.00 and set a sector perform rating for the company in a research report on Monday, May 6th. Piper Sandler decreased their price target on CF Industries from $82.00 to $75.00 and set an underweight rating on the stock in a research note on Tuesday, May 7th. Bank of America reissued a neutral rating and set a $88.00 price target (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Finally, BMO Capital Markets decreased their target price on CF Industries from $100.00 to $95.00 and set an outperform rating on the stock in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $84.69.

CF Industries Trading Up 0.4 %

Shares of CF stock opened at $70.62 on Tuesday. The stock has a market cap of $12.91 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. CF Industries has a 1 year low of $69.13 and a 1 year high of $87.90. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $74.99 and a 200 day simple moving average of $78.12.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s revenue was down 26.9% compared to the same quarter last year. On average, research analysts predict that CF Industries will post 5.26 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, August 15th. CF Industries’s payout ratio is 33.22%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. bought a new position in CF Industries during the first quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CF Industries during the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC acquired a new stake in CF Industries during the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new stake in CF Industries in the fourth quarter worth approximately $36,000. Finally, ORG Partners LLC lifted its stake in CF Industries by 62.2% in the fourth quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after buying an additional 230 shares during the period. 93.06% of the stock is owned by 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.