CF Industries (NYSE:CF) Given New $118.00 Price Target at Canadian Imperial Bank of Commerce

CF Industries (NYSE:CF) had its target price lifted by Canadian Imperial Bank of Commerce from $100.00 to $118.00 in a research report sent to investors on Tuesday,Benzinga reports. Canadian Imperial Bank of Commerce currently has a neutral rating on the basic materials company’s stock.

Several other research analysts have also recently issued reports on CF. Rothschild & Co Redburn set a $72.00 price target on CF Industries in a research note on Wednesday, February 4th. Scotiabank upped their price objective on shares of CF Industries from $82.00 to $85.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Barclays increased their target price on shares of CF Industries from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. HSBC lowered their target price on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, UBS Group upped their price target on shares of CF Industries from $86.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.07.

CF Industries Stock Up 0.8%

CF Industries stock opened at $123.30 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. The company has a 50-day simple moving average of $97.48 and a 200-day simple moving average of $88.12. The firm has a market capitalization of $18.95 billion, a P/E ratio of 13.70 and a beta of 0.68. CF Industries has a one year low of $67.34 and a one year high of $137.44.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.53 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.78 billion. CF Industries had a net margin of 20.54% and a return on equity of 19.84%. CF Industries’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 EPS. As a group, equities analysts expect that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. CF Industries’s payout ratio is currently 22.22%.

Insider Activity at CF Industries

In other CF Industries news, VP Richard A. Hoker sold 6,184 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $109.33, for a total transaction of $676,096.72. Following the transaction, the vice president owned 34,535 shares of the company’s stock, valued at approximately $3,775,711.55. This represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 18,041 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $136.06, for a total value of $2,454,658.46. Following the completion of the transaction, the executive vice president owned 55,762 shares in the company, valued at $7,586,977.72. The trade was a 24.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,409 shares of company stock valued at $8,589,559 over the last ninety days. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its stake in CF Industries by 78.0% in the third quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. True Wealth Design LLC increased its holdings in CF Industries by 396.2% in the third 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. Eastern Bank acquired a new position in CF Industries in the third quarter valued at about $35,000. Hantz Financial Services Inc. lifted its stake in CF Industries by 46.3% in the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock valued at $38,000 after buying an additional 156 shares during the period. Finally, Peterson Wealth Services boosted its holdings in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

About CF Industries

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.