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

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $93.8750.

CF has been the topic of several research analyst reports. CIBC initiated coverage on shares of CF Industries in a research report on Tuesday. They issued a “neutral” rating and a $87.00 target price on the stock. Wall Street Zen lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Bank of America boosted their price objective on CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 14th. Wells Fargo & Company initiated coverage on CF Industries in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, Rothschild & Co Redburn lifted their price target on CF Industries from $78.00 to $86.00 in a research note on Monday, November 10th.

CF Industries Trading Up 0.2%

Shares of NYSE:CF opened at $79.15 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The business has a 50 day moving average of $84.39 and a two-hundred day moving average of $88.36. The company has a market capitalization of $12.35 billion, a PE ratio of 9.54 and a beta of 0.68.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business earned $1.55 earnings per share. As a group, analysts forecast that CF Industries will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 14th. CF Industries’s dividend payout ratio is currently 24.10%.

Hedge Funds Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CF. Trust Co. of Toledo NA OH acquired a new position in shares of CF Industries during the 2nd quarter valued at about $26,000. Harbor Capital Advisors Inc. raised its stake in 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 purchasing an additional 128 shares during the period. Zions Bancorporation National Association UT purchased a new position in CF Industries during the first quarter worth about $27,000. True Wealth Design LLC boosted its holdings in 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 purchasing an additional 309 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of CF Industries in the 3rd quarter valued at approximately $35,000. 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.