CF Industries (NYSE:CF) Given New $111.00 Price Target at Oppenheimer

CF Industries (NYSE:CF) had its target price cut by Oppenheimer from $114.00 to $111.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other research analysts also recently commented on the stock. Redburn Atlantic initiated coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective for the company. Mizuho upped their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank reaffirmed a “sector underperform” rating and issued a $88.00 price objective on shares of CF Industries in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.43.

CF Industries Price Performance

NYSE:CF opened at $92.22 on Tuesday. The stock’s 50-day simple moving average is $89.35 and its 200 day simple moving average is $84.18. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company has a market cap of $16.05 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts forecast that CF Industries will post 6.37 EPS for the current fiscal year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries’s payout ratio is 31.65%.

Insider Transactions at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,389 shares of company stock valued at $2,355,425. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CF. Central Pacific Bank Trust Division bought a new position in CF Industries in the 4th quarter valued at approximately $74,000. Kingsview Wealth Management LLC acquired a new stake in shares of CF Industries during the 3rd quarter valued at $3,149,000. AMG National Trust Bank bought a new stake in CF Industries during the 3rd quarter worth $887,000. Quantinno Capital Management LP increased its holdings in CF Industries by 118.7% in the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after purchasing an additional 8,679 shares in the last quarter. Finally, Swedbank AB raised its position in CF Industries by 3.8% in the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock valued at $23,269,000 after purchasing an additional 9,815 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

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.