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

CF Industries Holdings, Inc. (NYSE:CF) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $89.29.

A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of CF Industries from $90.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. BNP Paribas upgraded shares of CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. Piper Sandler upped their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. The Goldman Sachs Group began coverage on CF Industries in a research report on Thursday, March 13th. They set a “neutral” rating and a $86.00 target price for the company. Finally, JPMorgan Chase & Co. cut CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a research report on Friday, January 24th.

CF Industries Stock Up 0.2 %

NYSE CF opened at $79.76 on Wednesday. CF Industries has a twelve month low of $67.34 and a twelve month high of $98.25. The stock has a market cap of $13.52 billion, a PE ratio of 11.78, a PEG ratio of 0.37 and a beta of 0.84. The firm has a 50-day simple moving average of $76.05 and a 200 day simple moving average of $83.45. 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 quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. On average, research analysts forecast that CF Industries will post 5.83 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. CF Industries’s dividend payout ratio is currently 29.54%.

Hedge Funds Weigh In On CF Industries

Large investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new stake in CF Industries during the 4th quarter worth about $74,000. Korea Investment CORP raised its stake in shares of CF Industries by 88.5% during the fourth quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company’s stock worth $12,830,000 after buying an additional 70,585 shares during the last quarter. National Pension Service lifted its holdings in CF Industries by 2,848.4% in the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company’s stock valued at $24,776,000 after buying an additional 280,535 shares during the period. SBI Securities Co. Ltd. acquired a new stake in CF Industries during the 4th quarter worth $51,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CF Industries by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock valued at $494,202,000 after acquiring an additional 225,109 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.