HSBC Cuts CF Industries (NYSE:CF) Price Target to $91.00

CF Industries (NYSE:CF) had its target price reduced by HSBC from $95.00 to $91.00 in a research report report published on Monday,MarketScreener reports. HSBC currently has a hold rating on the basic materials company’s stock.

Several other research analysts have also commented on CF. Scotiabank raised their price objective on shares of CF Industries from $82.00 to $90.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Mizuho decreased their price target on shares of CF Industries from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on CF Industries from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. Wolfe Research upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, UBS Group lowered their target price on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $94.33.

CF Industries Trading Up 1.0%

CF opened at $78.45 on Monday. CF Industries has a 52 week low of $67.34 and a 52 week high of $104.45. The company has a quick ratio of 2.84, a current ratio of 3.22 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $85.15 and a 200-day simple moving average of $88.61. The firm has a market cap of $12.24 billion, a P/E ratio of 10.24 and a beta of 0.89.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.13. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. On average, equities analysts expect that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. CF Industries’s dividend payout ratio (DPR) is currently 24.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Trust Co. of Toledo NA OH purchased a new stake in CF Industries during the second quarter worth approximately $26,000. Harbor Capital Advisors Inc. lifted its position in shares of CF Industries by 78.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of CF Industries during the 1st quarter worth approximately $27,000. TCTC Holdings LLC grew its position in shares of CF Industries by 114.1% in the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after buying an additional 202 shares during the last quarter. Finally, True Wealth Design LLC grew its position in shares of CF Industries by 396.2% in the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after buying an additional 309 shares during the last quarter. Hedge funds and other institutional investors 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.