CF Industries Holdings, Inc. (NYSE:CF – Get Free Report) has received an average rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $90.21.
A number of equities research analysts have issued reports on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company boosted their price objective on CF Industries from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Royal Bank of Canada dropped their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Scotiabank raised shares of CF Industries from a “sector underperform” rating to a “sector perform” rating and set a $81.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, UBS Group raised their price objective on shares of CF Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th.
View Our Latest Stock Analysis on CF Industries
CF Industries Stock Performance
CF Industries (NYSE:CF – Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that CF Industries will post 5.83 earnings per share for the current year.
CF Industries announced that its Board of Directors has initiated a share buyback program on Wednesday, May 7th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
CF Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%. CF Industries’s dividend payout ratio (DPR) is currently 26.35%.
Hedge Funds Weigh In On CF Industries
A number of hedge funds have recently added to or reduced their stakes in CF. Curat Global LLC acquired a new position in CF Industries during the first quarter worth about $25,000. Mizuho Bank Ltd. acquired a new position in shares of CF Industries during the fourth quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new stake in CF Industries in the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its stake in CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. Finally, TCTC Holdings LLC raised its holdings in shares of CF Industries by 114.1% in the first quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 202 shares during the last quarter. 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.
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