CF Industries (NYSE:CF) Stock Price Expected to Rise, Piper Sandler Analyst Says

CF Industries (NYSE:CF - Free Report) had its target price increased by Piper Sandler from $77.00 to $79.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the basic materials company's stock.

A number of other analysts have also recently commented on CF. Barclays upped their price target on shares of CF Industries from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. UBS Group increased their target price on CF Industries from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Mizuho lifted their price target on CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the stock a "sector perform" rating in a report on Monday, August 12th. Finally, Redburn Atlantic started coverage on CF Industries in a report on Friday, October 18th. They set a "neutral" rating and a $77.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CF Industries presently has an average rating of "Hold" and a consensus target price of $88.42.

CF Industries Stock Performance

NYSE CF traded down $0.92 during trading hours on Friday, reaching $83.72. 2,141,035 shares of the company were exchanged, compared to its average volume of 2,079,872. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $14.57 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.37 and a beta of 0.97. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. The business's 50 day simple moving average is $83.57 and its 200-day simple moving average is $78.61.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. CF Industries's revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that CF Industries will post 6.07 earnings per share for the current year.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's dividend payout ratio (DPR) is presently 31.65%.

Insider Activity

In related news, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the company's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company's stock, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

Several hedge funds and other institutional investors have recently modified their holdings of CF. Concurrent Investment Advisors LLC lifted its position in CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company's stock valued at $269,000 after acquiring an additional 140 shares during the period. Bleakley Financial Group LLC boosted its stake in CF Industries by 4.8% in the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company's stock worth $257,000 after purchasing an additional 141 shares in the last quarter. First Horizon Advisors Inc. increased its stake in CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company's stock valued at $139,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company's stock valued at $56,000 after buying an additional 167 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of CF Industries by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company's stock worth $2,004,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

CF Industries Company Profile

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.