Barclays Increases CF Industries (NYSE:CF) Price Target to $96.00

CF Industries (NYSE:CF) had its price objective hoisted by Barclays from $90.00 to $96.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

A number of other research firms also recently weighed in on CF. Scotiabank boosted their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a sector perform rating in a report on Monday, August 12th. Wells Fargo & Company boosted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an overweight rating in a research note on Tuesday, September 24th. BMO Capital Markets raised their price objective on CF Industries from $95.00 to $100.00 and gave the company an outperform rating in a research note on Friday, August 9th. Royal Bank of Canada boosted their target price on CF Industries from $85.00 to $95.00 and gave the company an outperform rating in a research report on Monday, August 12th. Finally, Mizuho lifted their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a neutral rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $88.64.

CF Industries Price Performance

NYSE:CF opened at $87.82 on Friday. The business’s 50-day moving average is $81.84 and its 200 day moving average is $78.25. CF Industries has a 12 month low of $69.13 and a 12 month high of $90.86. The company has a market capitalization of $15.84 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm earned $2.70 EPS. The company’s revenue for the quarter 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 fiscal year.

CF Industries Announces Dividend

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is presently 35.59%.

Insider Activity at CF Industries

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

Institutional Investors Weigh In On CF Industries

Several hedge funds have recently modified their holdings of CF. Westside Investment Management Inc. purchased a new stake in shares of CF Industries during the first quarter valued at about $25,000. Quent Capital LLC boosted its stake in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares in the last quarter. UMB Bank n.a. grew its holdings in CF Industries by 40.4% in the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 191 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of CF Industries during the second quarter worth $50,000. Finally, nVerses Capital LLC lifted its holdings in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.