CF Industries Holdings, Inc. (NYSE:CF) Receives Consensus Rating of “Hold” from Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $93.0625.

CF has been the subject of several recent research reports. UBS Group reduced their price target on CF Industries from $96.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company began coverage on CF Industries in a research report on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target on the stock. The Goldman Sachs Group dropped their target price on CF Industries from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, December 16th. BNP Paribas Exane decreased their target price on shares of CF Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th.

CF Industries Stock Down 0.1%

Shares of NYSE:CF opened at $77.50 on Monday. The business’s 50 day moving average is $80.81 and its 200 day moving average is $86.79. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 9.34 and a beta of 0.68. 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) 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 analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm 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 was Friday, November 14th. CF Industries’s payout ratio is currently 24.10%.

Hedge Funds Weigh In On CF Industries

A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in shares of CF Industries in the first quarter worth approximately $849,000. AlphaQuest LLC purchased a new stake in CF Industries during the 1st quarter valued at $172,000. Gabelli Funds LLC lifted its holdings in shares of CF Industries by 13.8% during the 1st quarter. Gabelli Funds LLC now owns 18,155 shares of the basic materials company’s stock valued at $1,419,000 after buying an additional 2,200 shares during the period. Ieq Capital LLC boosted its stake in shares of CF Industries by 45.0% in the 1st quarter. Ieq Capital LLC now owns 29,131 shares of the basic materials company’s stock worth $2,277,000 after buying an additional 9,040 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of CF Industries by 11.3% in the first quarter. CreativeOne Wealth LLC now owns 13,142 shares of the basic materials company’s stock worth $1,027,000 after acquiring an additional 1,335 shares during the period. 93.06% of the stock is owned by institutional investors.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.