CF Industries (NYSE:CF) Price Target Cut to $90.00 by Analysts at Royal Bank of Canada

CF Industries (NYSE:CF) had its target price decreased by Royal Bank of Canada from $100.00 to $90.00 in a research note released on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a research note on Monday. UBS Group lowered their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Oppenheimer lowered their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Finally, Scotiabank reduced their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.14.

CF Industries Price Performance

CF stock opened at $78.40 on Tuesday. The company has a fifty day moving average price of $87.57 and a 200-day moving average price of $85.64. The company has a market capitalization of $13.29 billion, a P/E ratio of 11.58, a PEG ratio of 0.37 and a beta of 0.97. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities analysts expect that CF Industries will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is currently 29.54%.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock worth $1,455,965 over the last three months. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new stake in CF Industries in the fourth quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in CF Industries in the fourth quarter worth about $34,000. Brooklyn Investment Group bought a new stake in CF Industries in the third quarter worth about $39,000. Creative Financial Designs Inc. ADV raised its position in CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 161 shares during the period. Finally, Asset Planning Inc bought a new stake in CF Industries in the fourth quarter worth about $44,000. 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.