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

CF Industries (NYSE:CF) had its price objective upped by Berenberg Bank from $68.00 to $69.00 in a report issued on Wednesday, Benzinga reports. They currently have a hold rating on the basic materials company’s stock.

A number of other research firms have also recently commented on CF. Wells Fargo & Company lowered their price target on CF Industries from $98.00 to $97.00 and set an overweight rating for the company in a report on Friday, February 16th. Bank of America reissued a neutral rating and issued a $88.00 target price (down previously 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 decreased their price target for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Piper Sandler downgraded shares of CF Industries from a neutral rating to an underweight rating and dropped their price objective for the company from $87.00 to $82.00 in a research note on Thursday, February 29th. Finally, Royal Bank of Canada restated an outperform rating and issued a $95.00 target price on shares of CF Industries in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $86.47.

CF Industries Price Performance

CF stock opened at $79.47 on Wednesday. The company’s 50-day moving average price is $81.43 and its two-hundred day moving average price is $79.74. The firm has a market cap of $14.92 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. CF Industries has a 12 month low of $60.08 and a 12 month high of $87.90.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business earned $4.35 earnings per share. The business’s revenue was down 39.8% compared to the same quarter last year. On average, analysts anticipate that CF Industries will post 5.86 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. CF Industries’s payout ratio is 25.51%.

Insider Buying and Selling

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

Institutional Trading of CF Industries

A number of large investors have recently bought and sold shares of the business. Westside Investment Management Inc. bought a new stake in shares of CF Industries during the 1st quarter valued at about $25,000. Coppell Advisory Solutions Corp. bought a new position in shares of CF Industries during the 4th quarter worth approximately $26,000. Clear Street Markets LLC increased its stake in shares of CF Industries by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 185 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CF Industries during the 4th quarter valued at $29,000. Finally, ORG Partners LLC boosted its stake in CF Industries by 428.6% during the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.