CF Industries (NYSE:CF) Given New $115.00 Price Target at JPMorgan Chase & Co.

CF Industries (NYSE:CF) had its target price increased by JPMorgan Chase & Co. from $94.00 to $115.00 in a report published on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the stock. Mizuho raised their price objective on shares of CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 31st. Zacks Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings raised shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. Finally, Rothschild & Co Redburn set a $72.00 price objective on shares of CF Industries in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.00.

CF Industries Price Performance

Shares of NYSE:CF opened at $116.65 on Wednesday. The company’s fifty day moving average price is $123.44 and its 200 day moving average price is $102.32. CF Industries has a 12 month low of $75.42 and a 12 month high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The firm has a market capitalization of $17.92 billion, a P/E ratio of 10.48 and a beta of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.63 by $1.35. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business earned $1.85 EPS. CF Industries’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, sell-side analysts predict that CF Industries will post 15.12 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. CF Industries’s payout ratio is presently 17.97%.

Insiders Place Their Bets

In related news, SVP Michael Patrick Mcgrane sold 3,666 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $116.50, for a total transaction of $427,089.00. Following the sale, the senior vice president owned 19,161 shares of the company’s stock, valued at approximately $2,232,256.50. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Erik M. Mayer sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $124.69, for a total transaction of $187,035.00. Following the sale, the vice president directly owned 6,341 shares in the company, valued at approximately $790,659.29. This represents a 19.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 56,690 shares of company stock valued at $7,206,756. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of CF Industries

Institutional investors have recently added to or reduced their stakes in the stock. Himension Capital Singapore PTE. LTD. purchased a new stake in CF Industries during the first quarter worth about $25,000. Hantz Financial Services Inc. boosted its holdings in CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. Peterson Wealth Services boosted its holdings in CF Industries by 451.3% during the third quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares in the last quarter. Stance Capital LLC purchased a new stake in CF Industries during the third quarter worth about $42,000. Finally, Eagle Bay Advisors LLC purchased a new stake in CF Industries during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

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.