CF Industries (NYSE:CF) Given New $79.00 Price Target at UBS Group

CF Industries (NYSE:CF - Free Report) had its price objective lowered by UBS Group from $90.00 to $79.00 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company's stock.

A number of other research analysts have also issued reports on the stock. Barclays decreased their target price on shares of CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Bank of America upgraded shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price on the stock in a research note on Monday, February 24th. Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a research report on Wednesday, April 9th. Piper Sandler increased their target price on shares of CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Finally, Oppenheimer reduced their target price on CF Industries from $114.00 to $111.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $89.86.

CF Industries Stock Down 0.5 %

NYSE:CF traded down $0.35 during trading hours on Wednesday, hitting $74.55. 535,232 shares of the stock traded hands, compared to its average volume of 2,746,934. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.37 and a beta of 0.84. 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 has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The firm has a 50 day moving average price of $76.71 and a 200 day moving average price of $83.95.

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

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 dividend on an annualized basis and a yield of 2.68%. CF Industries's dividend payout ratio (DPR) is presently 29.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in CF Industries during the 4th quarter worth $131,350,000. Ameriprise Financial Inc. grew its holdings in CF Industries by 29.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock valued at $239,299,000 after buying an additional 637,784 shares during the last quarter. FMR LLC lifted its holdings in CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after purchasing an additional 543,876 shares in the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in CF Industries in the 4th quarter valued at $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock worth $36,583,000 after buying an additional 357,531 shares during the period. 93.06% of the stock is 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.