CF Industries (NYSE:CF) Given New $100.00 Price Target at Royal Bank of Canada

CF Industries (NYSE:CF) had its price target boosted by Royal Bank of Canada from $95.00 to $100.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

CF has been the topic of several other research reports. UBS Group increased their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Scotiabank increased their price objective on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.08.

CF Industries Stock Performance

NYSE:CF opened at $84.64 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The firm has a 50-day moving average of $83.57 and a two-hundred day moving average of $78.61. The stock has a market cap of $14.73 billion, a P/E ratio of 13.39, a PEG ratio of 2.37 and a beta of 0.97. CF Industries has a 1-year low of $69.13 and a 1-year high of $90.86.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. On average, research analysts expect that CF Industries will post 6.07 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.36%. CF Industries’s payout ratio is 31.65%.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Ashraf K. Malik sold 7,201 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CF. Concurrent Investment Advisors LLC grew its stake in CF Industries by 4.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after buying an additional 140 shares during the last quarter. Bleakley Financial Group LLC grew its stake in CF Industries by 4.8% in the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after buying an additional 141 shares during the last quarter. First Horizon Advisors Inc. grew its stake in CF Industries by 8.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after buying an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after buying an additional 167 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after buying an additional 191 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

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.