CF Industries (NYSE:CF) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of CF Industries (NYSE:CF – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts also recently issued reports about the company. Rothschild & Co Redburn raised their price objective on CF Industries from $78.00 to $86.00 in a report on Monday, November 10th. HSBC dropped their target price on shares of CF Industries from $95.00 to $91.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $100.00 in a report on Wednesday, August 13th. Royal Bank Of Canada decreased their price objective on shares of CF Industries from $100.00 to $95.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus target price of $93.88.

Read Our Latest Stock Analysis on CF

CF Industries Stock Performance

NYSE:CF opened at $77.27 on Friday. The company has a market cap of $12.05 billion, a P/E ratio of 9.31 and a beta of 0.68. The firm’s 50 day moving average is $83.65 and its two-hundred day moving average is $88.15. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS. Analysts expect that CF Industries will post 5.83 EPS for the current year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, November 14th. CF Industries’s dividend payout ratio (DPR) is presently 24.10%.

Hedge Funds Weigh In On CF Industries

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CF Industries in the second quarter worth $129,574,000. Worldquant Millennium Advisors LLC acquired a new position in CF Industries during the 2nd quarter worth $96,560,000. Arrowstreet Capital Limited Partnership grew its holdings in CF Industries by 926.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,118,446 shares of the basic materials company’s stock worth $102,897,000 after acquiring an additional 1,009,455 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of CF Industries by 72.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock worth $159,061,000 after purchasing an additional 724,329 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of CF Industries in the 2nd quarter valued at about $63,104,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

(Get Free Report)

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.

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