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Brokerages Set CF Industries Holdings, Inc. (NYSE:CF) Price Target at $88.42

CF Industries logo with Basic Materials background

CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) has earned an average rating of "Hold" from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $88.42.

Several equities research analysts have recently commented on CF shares. BMO Capital Markets upped their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, August 9th. UBS Group lifted their price objective on CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Bank of America lowered shares of CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 target price for the company. in a report on Wednesday, October 16th. Mizuho lifted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Finally, Piper Sandler increased their price target on CF Industries from $77.00 to $79.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th.

Check Out Our Latest Stock Report on CF Industries

CF Industries Stock Down 0.9 %

Shares of NYSE:CF traded down $0.85 during midday trading on Friday, reaching $89.79. The company's stock had a trading volume of 1,542,292 shares, compared to its average volume of 1,937,570. CF Industries has a 12-month low of $69.13 and a 12-month high of $91.06. The firm has a market capitalization of $15.63 billion, a P/E ratio of 14.21, a PEG ratio of 2.39 and a beta of 0.97. The firm has a 50 day moving average of $85.25 and a 200-day moving average of $79.38. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 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 the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that CF Industries will post 6.32 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. CF Industries's dividend payout ratio is presently 31.65%.

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares of the company's stock, valued at approximately $2,629,574.22. This represents a 19.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,201 shares of company stock valued at $1,727,694. Company insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC acquired a new stake in CF Industries in the 3rd quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries in the third quarter valued at $39,000. Quent Capital LLC raised its holdings in shares of 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 buying an additional 284 shares during the period. Catalyst Capital Advisors LLC lifted its stake in CF Industries by 262.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company's stock worth $57,000 after acquiring an additional 478 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock valued at $49,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 93.06% of the company's stock.

About CF Industries

(Get Free Report

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.

Further Reading

Analyst Recommendations for CF Industries (NYSE:CF)

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