CF Industries (NYSE:CF) Stock Gets Price Target Reduction from UBS Group

CF Industries (NYSE:CF) had its price target decreased by UBS Group from $134.00 to $133.00 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company’s stock.

CF has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce lifted their price target on CF Industries from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Royal Bank Of Canada lifted their price objective on shares of CF Industries from $115.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Monday, November 9th. Sanford C. Bernstein started coverage on CF Industries in a report on Friday, September 25th. They set an “outperform” rating and a $162.00 target price on the stock. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, KeyCorp assumed coverage on CF Industries in a research note on Thursday, September 10th. They set an “underweight” rating and a $115.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus target price of $123.30.

CF Industries Price Performance

Shares of CF stock opened at $125.14 on Wednesday. The stock has a 50-day moving average price of $121.38 and a 200 day moving average price of $117.53. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.25 and a beta of 0.54. The company has a quick ratio of 2.68, a current ratio of 2.98 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $2.87 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.13). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.77 billion. CF Industries had a net margin of 27.48% and a return on equity of 24.52%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.19 EPS. Research analysts expect that CF Industries will post 13.59 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio (DPR) is 16.94%.

Institutional Trading of CF Industries

Institutional investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC increased its position in CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after acquiring an additional 84 shares during the period. Eley Financial Management Inc boosted its position in CF Industries by 0.6% during the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock worth $1,787,000 after acquiring an additional 87 shares during the period. TFB Advisors LLC increased its holdings in shares of CF Industries by 3.4% during the third quarter. TFB Advisors LLC now owns 2,670 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 88 shares during the period. Bogart Wealth LLC lifted its holdings in CF Industries by 25.6% in the third quarter. Bogart Wealth LLC now owns 452 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 92 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in CF Industries by 6.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 97 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. is a producer and distributor of nitrogen fertilizer and related products. Its main offerings include ammonia, granular urea, urea ammonium nitrate (UAN) and ammonium nitrate, which are used primarily to support crop production. The company also supplies nitrogen products for industrial applications, including emissions control and chemical manufacturing. Founded in 1946 as the Central Farmers Fertilizer Company, CF Industries grew from a cooperative serving agricultural retailers into a major nitrogen producer.