CF Industries (NYSE:CF) Given New $82.00 Price Target at Scotiabank

CF Industries (NYSE:CF) had its price target decreased by Scotiabank from $90.00 to $82.00 in a report released on Monday, MarketBeat Ratings reports. Scotiabank currently has a sector perform rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Wall Street Zen lowered CF Industries from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of CF Industries in a research note on Monday, December 29th. Bank of America reduced their price target on shares of CF Industries from $83.00 to $78.00 and set an “underperform” rating for the company in a research report on Thursday, January 8th. Finally, UBS Group lowered their price objective on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $89.14.

CF Industries Trading Down 3.6%

NYSE:CF opened at $89.91 on Monday. CF Industries has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27. The firm’s fifty day moving average is $81.88 and its 200-day moving average is $84.85. The firm has a market cap of $14.02 billion, a P/E ratio of 10.83 and a beta of 0.69.

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

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th. CF Industries’s payout ratio is presently 24.10%.

Hedge Funds Weigh In On CF Industries

Large investors have recently modified their holdings of the company. Truist Financial Corp increased its holdings in CF Industries by 24.2% during the 4th quarter. Truist Financial Corp now owns 11,026 shares of the basic materials company’s stock worth $853,000 after acquiring an additional 2,151 shares during the period. Hussman Strategic Advisors Inc. bought a new position in shares of CF Industries in the fourth quarter worth $812,000. Artemis Investment Management LLP purchased a new stake in shares of CF Industries in the fourth quarter worth $2,102,000. PFA Pension Forsikringsaktieselskab bought a new stake in CF Industries during the fourth quarter valued at $33,411,000. Finally, Horizon Investments LLC grew its position in CF Industries by 1.1% during the fourth quarter. Horizon Investments LLC now owns 26,220 shares of the basic materials company’s stock worth $2,028,000 after buying an additional 283 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.