CF Industries Holdings, Inc. (NYSE:CF) Receives $90.38 Average PT from Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) have received an average recommendation of "Hold" from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $90.38.

CF has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Mizuho lifted their price objective on CF Industries from $76.00 to $93.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Oppenheimer assumed coverage on CF Industries in a report on Thursday, December 12th. They issued an "outperform" rating and a $114.00 target price for the company. Piper Sandler lifted their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Finally, Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a "neutral" rating and a $77.00 price target for the company.

CF Industries Stock Performance

Shares of NYSE:CF traded down $0.61 during mid-day trading on Thursday, reaching $83.82. 1,766,478 shares of the company traded hands, compared to its average volume of 2,039,048. The company's 50 day moving average price is $86.52 and its 200-day moving average price is $80.89. The firm has a market cap of $14.59 billion, a PE ratio of 13.26, a PEG ratio of 2.37 and a beta of 0.98. CF Industries has a 52 week low of $69.13 and a 52 week high of $94.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts expect that CF Industries will post 6.32 EPS for the current fiscal year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. CF Industries's dividend payout ratio is currently 31.65%.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This trade represents a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. The trade was a 2.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,701 shares of company stock worth $2,052,704. Company insiders own 0.48% of the company's stock.

Institutional Trading of CF Industries

A number of institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC acquired a new stake in CF Industries in the third quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in CF Industries in the 3rd quarter worth approximately $39,000. Quent Capital LLC boosted its holdings in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 284 shares during the period. Catalyst Capital Advisors LLC increased its holdings in shares of CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company's stock worth $57,000 after purchasing an additional 478 shares during the period. Finally, UMB Bank n.a. grew its position in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock worth $49,000 after buying an additional 191 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

About CF Industries

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.