CF Industries (CF) Coverage Initiated at Stephens

Stephens assumed coverage on shares of CF Industries (NYSE:CF) in a research note released on Monday, December 4th, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $38.00 price target on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on CF. Zacks Investment Research raised CF Industries from a sell rating to a hold rating in a research report on Wednesday, August 16th. Piper Jaffray Companies reaffirmed a hold rating and set a $28.00 price target on shares of CF Industries in a report on Tuesday, September 5th. UBS Group reaffirmed a buy rating and set a $40.00 price target (up previously from $33.00) on shares of CF Industries in a report on Wednesday, October 4th. BMO Capital Markets reiterated an outperform rating and set a $38.00 price objective (up previously from $35.00) on shares of CF Industries in a research report on Friday, October 6th. Finally, assumed coverage on CF Industries in a research report on Wednesday, October 11th. They set a hold rating and a $36.30 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $34.95.

CF Industries (NYSE CF) traded down $0.07 during midday trading on Monday, reaching $42.54. The company had a trading volume of 1,408,368 shares, compared to its average volume of 3,458,860. CF Industries has a twelve month low of $25.04 and a twelve month high of $43.42. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80. The company has a market cap of $9,939.21, a PE ratio of -23.25 and a beta of 1.16.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. During the same period in the previous year, the company posted $0.13 earnings per share. CF Industries’s revenue for the quarter was up 27.9% compared to the same quarter last year. analysts anticipate that CF Industries will post -0.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Tuesday, November 14th. CF Industries’s dividend payout ratio is currently -65.57%.

In other CF Industries news, VP Bert A. Frost sold 7,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares in the company, valued at $2,453,968. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the sale, the director now owns 50,854 shares of the company’s stock, valued at $1,830,744. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Saratoga Research & Investment Management bought a new stake in CF Industries during the third quarter worth $108,000. Ffcm LLC boosted its position in CF Industries by 218.4% in the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,772 shares during the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries in the second quarter worth $126,000. BT Investment Management Ltd purchased a new position in CF Industries in the second quarter worth $126,000. Finally, Pacer Advisors Inc. boosted its position in CF Industries by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 355 shares during the last quarter.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Analyst Recommendations for CF Industries (NYSE:CF)

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