CF Industries (NYSE:CF) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of CF Industries (NYSE:CF) in a report issued on Friday, Marketbeat reports. The brokerage issued a neutral rating and a $77.00 price target on the basic materials company’s stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada upped their target price on shares of CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research note on Wednesday. Mizuho upped their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Finally, UBS Group upped their target price on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.67.

CF Industries Price Performance

Shares of CF stock opened at $83.99 on Friday. CF Industries has a 12-month low of $69.13 and a 12-month high of $90.86. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $82.79 and a 200-day moving average of $78.33.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The firm’s revenue was down 11.4% on a year-over-year basis. On average, equities research analysts forecast that CF Industries will post 5.84 earnings per share for the current year.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.38%. CF Industries’s payout ratio is 33.22%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CF. Victory Capital Management Inc. grew its position in shares of CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after purchasing an additional 2,912,942 shares in the last quarter. Boston Partners grew its position in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CF Industries by 137.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after purchasing an additional 335,624 shares in the last quarter. LSV Asset Management grew its position in shares of CF Industries by 154.3% during the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after purchasing an additional 248,003 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of CF Industries during the 1st quarter worth approximately $19,824,000. 93.06% of the stock is owned by institutional investors.

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.