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

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

CF has been the subject of several other reports. UBS Group lowered CF Industries from a buy rating to a neutral rating and reduced their target price for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. Wolfe Research initiated coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an outperform rating and a $99.00 target price on the stock. Bank of America reiterated 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. Royal Bank of Canada restated an outperform rating and set a $95.00 price target on shares of CF Industries in a report on Friday, February 16th. Finally, Piper Sandler lowered CF Industries from a neutral rating to an underweight rating and dropped their price objective for the stock from $87.00 to $82.00 in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, CF Industries currently has an average rating of Hold and a consensus target price of $87.94.

CF Industries Stock Up 0.1 %

CF stock opened at $77.80 on Wednesday. The firm has a market cap of $14.61 billion, a PE ratio of 9.92, a PEG ratio of 2.23 and a beta of 1.03. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90. The company has a fifty day simple moving average of $81.34 and a 200 day simple moving average of $79.77. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

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

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a $0.50 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 14th. CF Industries’s dividend payout ratio (DPR) is 25.51%.

Insider Buying and Selling at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. bought a new stake in shares of CF Industries in the 4th quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in CF Industries in the fourth quarter valued at $29,000. ORG Partners LLC raised 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. Clear Street Markets LLC lifted its holdings in shares of CF Industries by 92.5% during the first 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 during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.