Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) Price Target at $85.00

CF Industries Holdings, Inc. (NYSE:CF) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $85.00.

A number of brokerages have weighed in on CF. BMO Capital Markets decreased their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Scotiabank cut their price objective on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Piper Sandler lowered their target price on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday, May 7th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th.

CF Industries Stock Down 1.2 %

CF stock opened at $69.96 on Thursday. CF Industries has a 52 week low of $67.97 and a 52 week high of $87.90. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $76.10 and a 200-day simple moving average of $78.55. The stock has a market capitalization of $12.79 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.35 and a beta of 0.95.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. CF Industries’s quarterly revenue was down 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share. Equities analysts forecast that CF Industries will post 5.26 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, May 14th. CF Industries’s payout ratio is 33.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after acquiring an additional 140 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of CF Industries by 4.8% in the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 141 shares in the last quarter. SYSTM Wealth Solutions LLC increased its stake in CF Industries by 24.0% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after buying an additional 153 shares during the period. Czech National Bank lifted its holdings in CF Industries by 0.5% during the 1st quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after buying an additional 153 shares in the last quarter. Finally, Wahed Invest LLC boosted its position in CF Industries by 4.9% in the 4th quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after buying an additional 154 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.