CF Industries (NYSE:CF) Price Target Lowered to $90.00 at Royal Bank Of Canada

CF Industries (NYSE:CF) had its target price reduced by Royal Bank Of Canada from $95.00 to $90.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. Royal Bank Of Canada currently has a sector perform rating on the basic materials company’s stock.

CF has been the subject of a number of other reports. Wolfe Research upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Scotiabank boosted their target price on shares of CF Industries from $82.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Mizuho cut their target price on shares of CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wall Street Zen raised shares of CF Industries from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.56.

CF Industries Stock Down 0.7%

CF Industries stock opened at $76.13 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The firm has a fifty day moving average price of $83.19 and a two-hundred day moving average price of $87.98. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 9.17 and a beta of 0.68.

CF Industries (NYSE:CF) last posted its quarterly earnings data 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 return on equity of 18.14% and a net margin of 20.47%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, analysts forecast that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.50 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. CF Industries’s dividend payout ratio is currently 24.10%.

Institutional Trading of CF Industries

Several institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in CF Industries in the second quarter worth about $129,574,000. Worldquant Millennium Advisors LLC bought a new stake in shares of CF Industries in the 2nd quarter valued at approximately $96,560,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of CF Industries by 926.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after buying an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of CF Industries by 72.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after buying an additional 724,329 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CF Industries in the 2nd quarter valued at $63,104,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.