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

CF Industries Holdings, Inc. (NYSE:CF) has earned a consensus rating of “Hold” from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $117.25.

A number of research analysts recently weighed in on CF shares. Morgan Stanley dropped their price objective on CF Industries from $135.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce boosted their target price on shares of CF Industries from $118.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. HSBC lowered their price target on shares of CF Industries from $130.00 to $121.00 in a research note on Wednesday, June 17th. Barclays increased their price target on shares of CF Industries from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Bank of America raised their price objective on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th.

Institutional Investors Weigh In On CF Industries

Several institutional investors have recently modified their holdings of the company. Himension Capital Singapore PTE. LTD. acquired a new stake in shares of CF Industries in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd raised its holdings in CF Industries by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 418 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 112 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in CF Industries by 39.6% during the second quarter. Elevation Wealth Partners LLC now owns 430 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 122 shares in the last quarter. Stance Capital LLC purchased a new stake in CF Industries during the third quarter worth $42,000. Finally, MUFG Securities EMEA plc acquired a new stake in CF Industries in the second quarter valued at $44,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Stock Performance

Shares of CF stock opened at $118.84 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.15 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $114.17 and a 200-day simple moving average of $109.20. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 10.68 and a beta of 0.40. CF Industries has a 12-month low of $75.42 and a 12-month high of $141.96.

CF Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio is 17.97%.

About CF Industries

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.