CF Industries Holdings, Inc. (NYSE:CF) Stock Has Average Target Price of $121.89 According to Analysts

CF Industries Holdings, Inc. (NYSE:CF) has earned a consensus rating of “Hold” from the twenty-three research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $121.94.

A number of brokerages have issued reports on CF. Morgan Stanley cut their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Scotiabank upped their price target on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. set a $115.00 target price on CF Industries and gave the company a “sector perform” rating in a report on Monday, October 5th. UBS Group raised their price target on CF Industries from $123.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Rothschild & Co Redburn upgraded shares of CF Industries from a “sell” rating to a “neutral” rating and lifted their price target for the company from $98.00 to $110.00 in a report on Monday, September 28th.

CF Industries Stock Performance

Shares of CF Industries stock opened at $120.54 on Friday. CF Industries has a 52-week low of $75.42 and a 52-week high of $141.96. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 8.94 and a beta of 0.53. The company’s 50 day moving average price is $123.54 and its 200-day moving average price is $115.37.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the firm posted $2.37 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities research analysts forecast that CF Industries will post 13.90 earnings per share for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s dividend payout ratio (DPR) is currently 17.79%.

Hedge Funds Weigh In On CF Industries

A number of institutional investors have recently bought and sold shares of CF. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of CF Industries by 3.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 84 shares during the period. Eley Financial Management Inc lifted its stake in shares of CF Industries by 0.6% in the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 87 shares during the period. Personal CFO Solutions LLC boosted its position in shares of CF Industries by 1.1% during the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CF Industries by 6.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 97 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its stake in CF Industries by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares during the period. 93.06% of the stock is owned by institutional investors.

About CF Industries

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.