Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) PT at $116.56

CF Industries Holdings, Inc. (NYSE:CF) has earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.5625.

CF has been the topic of several research analyst reports. Scotiabank raised their target price on CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. The Goldman Sachs Group dropped their price target on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group boosted their price objective on shares of CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Freedom Broker cut shares of CF Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 26th.

CF Industries Price Performance

CF Industries stock opened at $133.79 on Friday. The company has a current ratio of 4.86, a quick ratio of 4.32 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $121.88 and a 200-day simple moving average of $118.72. The stock has a market cap of $20.25 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 0.26 and a beta of 0.40. CF Industries has a 12-month low of $75.42 and a 12-month high of $141.96.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 earnings per share. Equities analysts expect that CF Industries will post 13.7 EPS for the current fiscal year.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 14th. CF Industries’s payout ratio is presently 17.79%.

Institutional Trading of CF Industries

A number of large investors have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of CF Industries by 3.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 84 shares during the period. Eley Financial Management Inc boosted its holdings in shares of CF Industries by 0.6% in the first quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock valued at $1,787,000 after acquiring an additional 87 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of CF Industries by 1.1% in the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock valued at $1,062,000 after acquiring an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CF Industries by 6.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 97 shares during the period. Finally, Altshuler Shaham Ltd raised its holdings in CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.