CF Industries (NYSE:CF) Price Target Cut to $87.00 by Analysts at Barclays

CF Industries (NYSE:CF - Free Report) had its target price decreased by Barclays from $95.00 to $87.00 in a research report released on Tuesday morning, Marketbeat.com reports. Barclays currently has an equal weight rating on the basic materials company's stock.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada decreased their price target on shares of CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. BNP Paribas upgraded CF Industries to a "strong-buy" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group assumed coverage on CF Industries in a research report on Thursday, March 13th. They issued a "neutral" rating and a $86.00 target price for the company. Finally, Scotiabank raised CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $89.29.

CF Industries Price Performance

Shares of NYSE CF traded down $0.09 during mid-day trading on Tuesday, reaching $77.21. The company had a trading volume of 366,990 shares, compared to its average volume of 2,683,385. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.37 and a beta of 0.84. The business's 50-day simple moving average is $76.24 and its 200 day simple moving average is $83.65. CF Industries has a one year low of $67.34 and a one year high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. On average, research analysts predict that CF Industries will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.59%. CF Industries's dividend payout ratio is currently 29.54%.

Hedge Funds Weigh In On CF Industries

Institutional investors have recently added to or reduced their stakes in the business. Curat Global LLC acquired a new position in shares of CF Industries during the 1st quarter valued at $25,000. Mizuho Bank Ltd. acquired a new stake in shares of CF Industries in the 4th quarter valued at about $26,000. Golden State Wealth Management LLC increased its position in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after buying an additional 206 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in CF Industries during the 4th quarter worth approximately $34,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after acquiring an additional 161 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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.