CF Industries (NYSE:CF) Cut to Market Perform at Oppenheimer

Oppenheimer lowered shares of CF Industries (NYSE:CF) from an outperform rating to a market perform rating in a research report released on Tuesday, Marketbeat.com reports.

Other equities research analysts have also issued reports about the company. UBS Group decreased their price target on CF Industries from $90.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Barclays cut their price target on CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. Scotiabank raised shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective on the stock in a report on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.29.

CF Industries Trading Up 1.8 %

Shares of CF Industries stock opened at $77.23 on Tuesday. CF Industries has a 1 year low of $67.34 and a 1 year high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 0.37 and a beta of 0.84. The company’s fifty day simple moving average is $76.24 and its 200-day simple moving average is $83.65.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, sell-side analysts expect that CF Industries will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, February 14th. CF Industries’s payout ratio is 29.54%.

Hedge Funds Weigh In On CF Industries

Several institutional investors and hedge funds have recently made changes to their positions in CF. Checchi Capital Advisers LLC raised its position in shares of CF Industries by 4.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after purchasing an additional 120 shares in the last quarter. Brooklyn Investment Group raised its holdings in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after buying an additional 122 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after buying an additional 126 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of CF Industries by 4.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock valued at $257,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.