CF Industries Holdings, Inc. (NYSE:CF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $90.38.

CF has been the topic of several recent research reports. Oppenheimer started coverage on CF Industries in a report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price target on the stock. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Finally, Piper Sandler lifted their price target on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research note on Friday, November 8th.

Insider Activity

In related news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares in the company, valued at approximately $5,828,636.48. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,701 shares of company stock valued at $2,052,704 in the last three months. Company insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in CF Industries by 401.2% in the second quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after buying an additional 2,912,942 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of CF Industries by 7,617.5% during the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after purchasing an additional 431,910 shares during the last quarter. Barclays PLC raised its position in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after purchasing an additional 300,873 shares during the period. FMR LLC lifted its stake in CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after purchasing an additional 300,050 shares during the last quarter. Finally, LSV Asset Management boosted its position in CF Industries by 154.3% during the second quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock valued at $30,293,000 after buying an additional 248,003 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Stock Performance

NYSE:CF opened at $85.40 on Thursday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries has a twelve month low of $69.13 and a twelve month high of $94.46. The company has a fifty day moving average of $86.45 and a 200-day moving average of $81.09. The firm has a market capitalization of $14.86 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, sell-side analysts anticipate that CF Industries will post 6.32 EPS for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, November 15th. CF Industries’s payout ratio is 31.65%.

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.