UBS Group Lowers CF Industries (NYSE:CF) Price Target to $79.00

CF Industries (NYSE:CF) had its price target reduced by UBS Group from $90.00 to $79.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Several other brokerages also recently weighed in on CF. Scotiabank raised CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price target for the company in a report on Wednesday, April 9th. Piper Sandler lifted their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a research note on Monday, February 24th. Royal Bank of Canada lowered their price objective on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley cut their target price on CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $89.86.

CF Industries Stock Performance

CF stock opened at $74.90 on Wednesday. The firm has a 50-day simple moving average of $76.71 and a two-hundred day simple moving average of $84.01. 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 has a one year low of $67.34 and a one year high of $98.25. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.37 and a beta of 0.84.

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, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. On average, equities analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, February 14th. CF Industries’s dividend payout ratio (DPR) is 29.54%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CF. Norges Bank acquired a new position in shares of CF Industries in the 4th quarter valued at $131,350,000. Ameriprise Financial Inc. increased its holdings in CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock valued at $239,299,000 after buying an additional 637,784 shares in the last quarter. FMR LLC raised its position in shares of CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after acquiring an additional 543,876 shares during the period. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in shares of CF Industries during the 4th quarter worth about $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of CF Industries by 459.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company’s stock valued at $36,583,000 after acquiring an additional 357,531 shares during the period. 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.