CF Industries Holdings, Inc. (NYSE:CF) Receives Average Recommendation of “Hold” from Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) have received an average rating of “Buy” from the eighteen ratings firms that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $92.84.

CF has been the topic of several research reports. Piper Sandler upped their price objective on shares of CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, March 7th. Stifel Nicolaus upped their price objective on shares of CF Industries from $68.00 to $78.00 and gave the company a “hold” rating in a report on Tuesday, March 1st. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating and set a $78.00 price objective on the stock. in a report on Wednesday, February 2nd. Barclays upped their price objective on shares of CF Industries from $68.00 to $83.00 in a report on Thursday, February 17th. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $70.00 to $75.00 in a report on Thursday, February 17th.

In other CF Industries news, VP Richard A. Hoker sold 4,085 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $93.93, for a total value of $383,704.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen A. Furbacher sold 8,000 shares of the stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $77.34, for a total transaction of $618,720.00. The disclosure for this sale can be found here. Insiders sold a total of 1,333,463 shares of company stock worth $107,631,042 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Several large investors have recently modified their holdings of CF. Catalyst Capital Advisors LLC increased its holdings in shares of CF Industries by 64.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of CF Industries in the 1st quarter worth $26,000. Signaturefd LLC increased its holdings in shares of CF Industries by 121.1% in the 4th quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock worth $28,000 after buying an additional 218 shares during the last quarter. Lenox Wealth Advisors LLC bought a new position in shares of CF Industries in the 4th quarter worth $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of CF Industries during the 4th quarter valued at $35,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

CF stock opened at $103.86 on Friday. The firm has a market cap of $21.67 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.90 and a beta of 1.02. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. CF Industries has a 12-month low of $43.19 and a 12-month high of $113.49. The company’s fifty day simple moving average is $100.30 and its 200 day simple moving average is $79.47.

CF Industries (NYSE:CF – Get Rating) last released its earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $4.21. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.62 billion. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. CF Industries’s revenue for the quarter was up 173.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Research analysts expect that CF Industries will post 17.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a dividend of $0.40 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, May 13th. CF Industries’s dividend payout ratio is presently 15.46%.

About CF Industries (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

Featured Stories