CF Industries (NYSE:CF) Given New $92.00 Price Target at Wells Fargo & Company

CF Industries (NYSE:CF) had its price objective boosted by Wells Fargo & Company from $88.00 to $92.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the stock. Bank of America increased their price objective on shares of CF Industries from $76.00 to $83.00 and gave the company a neutral rating in a research report on Friday, August 9th. Scotiabank increased their price objective on shares of CF Industries from $80.00 to $88.00 and gave the company a sector perform rating in a research report on Monday, August 12th. UBS Group increased their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a neutral rating in a research report on Monday, August 26th. BMO Capital Markets increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an outperform rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada increased their price objective on shares of CF Industries from $85.00 to $95.00 and gave the company an outperform rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $87.73.

CF Industries Stock Performance

CF stock opened at $85.01 on Tuesday. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.38 and a beta of 0.95. The firm has a 50-day simple moving average of $78.74 and a two-hundred day simple moving average of $78.03. CF Industries has a one year low of $69.13 and a one year high of $87.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.70 earnings per share. On average, equities analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.35%. CF Industries’s payout ratio is 33.22%.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Concurrent Investment Advisors LLC raised its holdings in shares of 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 worth $269,000 after acquiring an additional 140 shares during the period. Bleakley Financial Group LLC raised 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 acquiring an additional 141 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 146 shares during the period. Czech National Bank raised its holdings in shares of 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 acquiring an additional 153 shares during the period. Finally, SYSTM Wealth Solutions LLC raised its holdings in shares of 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 acquiring an additional 153 shares during the period. Institutional investors and hedge funds 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.