CF Industries (NYSE:CF) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of CF Industries (NYSE:CF - Free Report) from an underperform rating to a neutral rating in a report published on Monday morning, MarketBeat reports. They currently have $84.00 price objective on the basic materials company's stock.

A number of other research analysts also recently issued reports on the company. Oppenheimer reduced their price target on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. downgraded CF Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Scotiabank reiterated a "sector underperform" rating and issued a $88.00 price target on shares of CF Industries in a report on Friday, January 24th. Piper Sandler boosted their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada cut shares of CF Industries from an "outperform" rating to a "sector perform" rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $91.14.

CF Industries Trading Up 2.3 %

Shares of CF traded up $1.76 during mid-day trading on Monday, reaching $79.54. The company's stock had a trading volume of 2,272,994 shares, compared to its average volume of 2,550,728. CF Industries has a 52 week low of $69.13 and a 52 week high of $98.25. The stock has a market cap of $13.48 billion, a PE ratio of 11.75, a P/E/G ratio of 0.37 and a beta of 0.97. The company's fifty day moving average price is $87.35 and its two-hundred day moving average price is $85.55. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

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

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. CF Industries's dividend payout ratio is currently 29.54%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $142,500.00. Following the transaction, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares of the company's stock, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,389 shares of company stock valued at $1,455,965 in the last 90 days. Corporate insiders own 0.48% of the company's stock.

Institutional Trading of CF Industries

Several institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division purchased a new stake in shares of CF Industries during the 4th quarter valued at about $74,000. Kingsview Wealth Management LLC purchased a new stake in CF Industries in the third quarter worth approximately $3,149,000. AMG National Trust Bank bought a new stake in CF Industries in the 3rd quarter worth approximately $887,000. Mirae Asset Global Investments Co. Ltd. grew its position in CF Industries by 14.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company's stock worth $14,543,000 after purchasing an additional 21,632 shares during the period. Finally, Quantinno Capital Management LP raised its stake in CF Industries by 118.7% during the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company's stock valued at $1,372,000 after buying an additional 8,679 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other 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.