CF Industries Holdings, Inc. (NYSE:CF) Receives Average Rating of “Buy” from Brokerages

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Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $54.18.

CF has been the topic of several recent research reports. Rowe lifted their target price on shares of CF Industries from $56.00 to $66.00 and gave the company a “positive” rating in a report on Tuesday, August 6th. Cowen set a $59.00 target price on shares of CF Industries and gave the company a “buy” rating in a report on Friday, August 9th. UBS Group lifted their target price on shares of CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of CF Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Thursday, July 18th. Finally, Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating in a report on Monday, August 5th.

Shares of NYSE:CF traded up $1.24 during midday trading on Friday, hitting $48.18. 1,991,600 shares of the company’s stock traded hands, compared to its average volume of 2,662,619. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.43. The company has a market cap of $10.25 billion, a PE ratio of 38.85, a P/E/G ratio of 3.54 and a beta of 0.92. The firm’s fifty day moving average price is $48.10 and its two-hundred day moving average price is $44.13. CF Industries has a twelve month low of $38.90 and a twelve month high of $56.51.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.47. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.39 billion. CF Industries had a net margin of 9.67% and a return on equity of 7.22%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, equities research analysts anticipate that CF Industries will post 2.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. CF Industries’s dividend payout ratio is currently 96.77%.

In other CF Industries news, VP Douglas C. Barnard sold 100,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $50.74, for a total value of $5,099,370.00. Following the transaction, the vice president now owns 37,936 shares in the company, valued at approximately $1,924,872.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bert A. Frost sold 21,600 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $1,083,456.00. Following the completion of the transaction, the vice president now owns 103,672 shares in the company, valued at approximately $5,200,187.52. The disclosure for this sale can be found here. Insiders sold a total of 125,765 shares of company stock worth $6,333,641 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Rational Advisors LLC increased its position in shares of CF Industries by 874.0% in the 1st quarter. Rational Advisors LLC now owns 711 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 638 shares during the last quarter. Community Bank N.A. bought a new stake in shares of CF Industries in the 1st quarter worth about $30,000. CSat Investment Advisory L.P. increased its position in shares of CF Industries by 27.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 218 shares during the last quarter. Parallel Advisors LLC increased its position in shares of CF Industries by 218.8% in the 1st quarter. Parallel Advisors LLC now owns 1,221 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 838 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of CF Industries in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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