CF Industries (NYSE:CF) PT Raised to $108.00 at UBS Group

CF Industries (NYSE:CFGet Rating) had its price target upped by UBS Group from $105.00 to $108.00 in a report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the company. Mizuho upped their price target on CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. Royal Bank of Canada increased their target price on CF Industries from $100.00 to $110.00 and gave the company a sector perform rating in a research note on Thursday, July 14th. Barclays assumed coverage on CF Industries in a research note on Wednesday, June 1st. They set an equal weight rating and a $103.00 target price for the company. Citigroup cut CF Industries from a buy rating to a neutral rating and reduced their target price for the company from $123.00 to $99.00 in a research note on Friday, June 17th. Finally, Credit Suisse Group assumed coverage on CF Industries in a research note on Thursday, July 14th. They set an underperform rating and a $73.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, CF Industries currently has a consensus rating of Hold and a consensus target price of $96.78.

CF Industries Trading Up 1.0 %

NYSE CF opened at $100.05 on Tuesday. CF Industries has a 12 month low of $43.19 and a 12 month high of $113.49. The company has a 50-day moving average of $89.46 and a 200-day moving average of $90.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.41 and a quick ratio of 1.50. The company has a market cap of $20.87 billion, a P/E ratio of 8.20, a P/E/G ratio of 0.88 and a beta of 1.06.

CF Industries (NYSE:CFGet Rating) last posted its earnings results on Monday, August 1st. The basic materials company reported $6.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.50 billion. CF Industries had a return on equity of 49.10% and a net margin of 25.28%. The firm’s revenue for the quarter was up 113.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. As a group, equities analysts predict that CF Industries will post 18.42 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, August 12th. CF Industries’s dividend payout ratio (DPR) is 13.11%.

Insider Buying and Selling

In related news, VP Richard A. Hoker sold 6,684 shares of CF Industries stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $94.90, for a total transaction of $634,311.60. Following the transaction, the vice president now directly owns 45,243 shares of the company’s stock, valued at $4,293,560.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. acquired a new position in shares of CF Industries in the 1st quarter valued at $26,000. Lindbrook Capital LLC boosted its position in CF Industries by 555.1% during the 2nd quarter. Lindbrook Capital LLC now owns 321 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 272 shares during the period. Catalyst Capital Advisors LLC boosted its position in CF Industries by 64.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 142 shares during the period. Evoke Wealth LLC boosted its position in CF Industries by 2,600.0% during the 2nd quarter. Evoke Wealth LLC now owns 405 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 390 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of CF Industries by 540.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 455 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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