CF Industries (NYSE:CF) Now Covered by Oppenheimer

Oppenheimer initiated coverage on shares of CF Industries (NYSE:CF) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $114.00 price objective on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. Redburn Atlantic initiated coverage on shares of CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target for the company. Piper Sandler upped their target price on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Mizuho raised their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays upped their price objective on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.38.

CF Industries Stock Down 0.7 %

Shares of CF Industries stock opened at $89.50 on Thursday. The business has a 50-day moving average price of $86.71 and a 200 day moving average price of $80.70. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $94.46. The firm has a market cap of $15.57 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.37 and a beta of 0.98. 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) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries will post 6.32 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, November 15th. CF Industries’s dividend payout ratio is currently 31.65%.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 19.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,701 shares of company stock worth $2,052,704 over the last quarter. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in CF Industries during the 3rd quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries during the third quarter valued at approximately $39,000. Quent Capital LLC lifted its position 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 acquiring an additional 284 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 478 shares during the period. Finally, UMB Bank n.a. grew its position 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 worth $49,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds 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.