CF Industries (NYSE:CF) Price Target Lowered to $91.00 at HSBC

CF Industries (NYSE:CF) had its price target decreased by HSBC from $95.00 to $91.00 in a report issued on Monday,MarketScreener reports. HSBC currently has a hold rating on the basic materials company’s stock.

CF has been the topic of several other reports. The Goldman Sachs Group dropped their target price on CF Industries from $96.00 to $94.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised CF Industries from an “underweight” rating to a “neutral” rating and upped their price target for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Rothschild & Co Redburn increased their target price on CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CF Industries in a research report on Monday, November 17th. Finally, Wolfe Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.33.

CF Industries Trading Down 1.2%

NYSE:CF opened at $77.59 on Monday. The firm has a market cap of $12.10 billion, a P/E ratio of 10.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. CF Industries has a one year low of $67.34 and a one year high of $104.45. The firm has a 50-day simple moving average of $85.41 and a 200-day simple moving average of $88.71.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. Equities analysts anticipate that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH acquired a new position in CF Industries during the second quarter worth approximately $26,000. Harbor Capital Advisors Inc. increased its position in shares of CF Industries by 78.0% during the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of CF Industries in the first quarter worth $27,000. TCTC Holdings LLC lifted its position in shares of CF Industries by 114.1% during the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 202 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 309 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.