CF Industries (NYSE:CF) PT Lowered to $80.00 at Barclays

CF Industries (NYSE:CF) had its price objective decreased by Barclays from $85.00 to $80.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

A number of other research firms have also weighed in on CF. Wells Fargo & Company lowered their price target on shares of CF Industries from $87.00 to $83.00 and set an overweight rating for the company in a report on Tuesday, July 16th. UBS Group lowered their price target on shares of CF Industries from $86.00 to $78.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Scotiabank lowered their price target on shares of CF Industries from $86.00 to $80.00 and set a sector perform rating for the company in a report on Monday, May 6th. Bank of America reaffirmed a neutral rating and set a $88.00 price target (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Finally, BMO Capital Markets lowered their price target on shares of CF Industries from $100.00 to $95.00 and set an outperform rating for the company in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $82.88.

CF Industries Stock Performance

Shares of CF stock opened at $73.51 on Tuesday. The company’s fifty day simple moving average is $74.51 and its 200-day simple moving average is $77.57. CF Industries has a 52 week low of $69.13 and a 52 week high of $87.90. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The company has a market cap of $13.44 billion, a PE ratio of 12.21, a P/E/G ratio of 2.27 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $2.85 EPS. The business’s revenue was down 26.9% on a year-over-year basis. As a group, equities research analysts anticipate that CF Industries will post 5.18 EPS for the current year.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. acquired a new position in shares of CF Industries in the 1st quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in CF Industries in the 4th quarter valued at about $29,000. Meeder Asset Management Inc. bought a new stake in CF Industries in the 4th quarter valued at about $36,000. ORG Partners LLC lifted its position in CF Industries by 62.2% in the 4th quarter. ORG Partners LLC now owns 600 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 230 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in CF Industries in the 1st quarter valued at about $55,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.