Scotiabank Lowers CF Industries (NYSE:CF) Price Target to $80.00

CF Industries (NYSE:CF) had its price objective decreased by Scotiabank from $86.00 to $80.00 in a research report released on Monday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the basic materials company’s stock. Scotiabank also issued estimates for CF Industries’ Q2 2024 earnings at $2.25 EPS, FY2024 earnings at $7.06 EPS and FY2025 earnings at $6.57 EPS.

Several other equities research analysts also recently commented on the company. Bank of America reaffirmed a neutral rating and set a $88.00 target price (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. UBS Group downgraded CF Industries from a buy rating to a neutral rating and reduced their price objective for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Barclays raised CF Industries from an underweight rating to an equal weight rating and set a $85.00 price objective for the company in a research note on Friday, January 12th. Royal Bank of Canada reissued an outperform rating and issued a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Finally, Berenberg Bank raised their price target on CF Industries from $68.00 to $69.00 and gave the stock a hold rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $85.00.

CF Industries Trading Down 2.3 %

Shares of NYSE CF opened at $73.24 on Monday. CF Industries has a 12 month low of $60.08 and a 12 month high of $87.90. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 2.11 and a beta of 1.02. 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 business has a fifty day simple moving average of $81.11 and a 200-day simple moving average of $79.11.

CF Industries (NYSE:CF) last announced its earnings results 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). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. Sell-side analysts predict that CF Industries will post 5.86 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new stake in CF Industries in the 1st quarter valued at approximately $1,394,000. Edmond DE Rothschild Holding S.A. grew its holdings in shares of CF Industries by 31.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 46,620 shares of the basic materials company’s stock worth $3,879,000 after purchasing an additional 11,157 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 141 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of CF Industries during the 1st quarter worth approximately $222,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of CF Industries by 15.5% during the 1st quarter. Russell Investments Group Ltd. now owns 212,126 shares of the basic materials company’s stock worth $17,651,000 after purchasing an additional 28,414 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

About CF Industries

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.