CF Industries (NYSE:CF) Given New $115.00 Price Target at Royal Bank Of Canada

CF Industries (NYSE:CF) had its price objective lowered by Royal Bank Of Canada from $125.00 to $115.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the basic materials company’s stock.

CF has been the topic of a number of other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Industries in a research note on Monday, June 29th. Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $120.00 to $125.00 in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price objective on CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Bank of America lifted their target price on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $116.62.

CF Industries Stock Performance

NYSE CF opened at $121.17 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 business’s 50 day moving average is $114.30 and its two-hundred day moving average is $109.29. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 10.89 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 firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.60 dividend. This is an increase from CF Industries’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is 17.97%.

Hedge Funds Weigh In On CF Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in CF Industries by 3.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,360 shares of the basic materials company’s stock valued at $306,000 after buying an additional 84 shares during the period. Eley Financial Management Inc increased its position in CF Industries by 0.6% during the 1st quarter. Eley Financial Management Inc now owns 13,764 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 87 shares during the period. Personal CFO Solutions LLC increased its holdings in CF Industries by 1.1% in the first quarter. Personal CFO Solutions LLC now owns 8,176 shares of the basic materials company’s stock worth $1,062,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CF Industries by 6.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,496 shares of the basic materials company’s stock valued at $194,000 after acquiring an additional 97 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its holdings in CF Industries by 0.9% in the fourth quarter. Lakewood Asset Management LLC now owns 12,371 shares of the basic materials company’s stock worth $957,000 after acquiring an additional 111 shares in the last quarter. 93.06% of the stock is currently 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.