Oppenheimer Begins Coverage on CF Industries (NYSE:CF)

Oppenheimer started coverage on shares of CF Industries (NYSE:CF) in a research report released on Thursday, Marketbeat.com reports. The firm issued an outperform rating and a $114.00 price target on the basic materials company’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group increased their price objective on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Piper Sandler upped their price objective on CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average price target of $90.38.

CF Industries Trading Up 0.3 %

CF Industries stock opened at $90.11 on Thursday. The business has a 50-day simple moving average of $86.72 and a two-hundred day simple moving average of $80.61. 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 company has a market cap of $15.68 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.37 and a beta of 0.98. CF Industries has a 52-week low of $69.13 and a 52-week high of $94.46.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Analysts predict that CF Industries will post 6.32 EPS for the current year.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.22%. CF Industries’s payout ratio is 31.65%.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the business’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 completion of the transaction, the executive vice president now owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 19.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,701 shares of company stock worth $2,052,704. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Hedge funds have recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new stake in CF Industries in the third quarter valued at approximately $28,000. Brooklyn Investment Group acquired a new stake in CF Industries in the third quarter worth about $39,000. Quent Capital LLC grew its stake in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 191 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of CF Industries in the 2nd quarter valued at approximately $50,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.