CF Industries (CF) Stock Rating Reaffirmed by Cowen

Cowen reaffirmed their outperform rating on shares of CF Industries (NYSE:CF) in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. Cowen currently has a $54.00 price target on the basic materials company’s stock, down from their previous price target of $56.00.

A number of other brokerages have also recently weighed in on CF. ValuEngine raised CF Industries from a hold rating to a buy rating in a research note on Tuesday, April 23rd. Bank of America cut CF Industries from a buy rating to an underperform rating and dropped their price objective for the company from $50.00 to $38.00 in a research note on Thursday, April 18th. Citigroup dropped their price objective on CF Industries from $51.00 to $50.00 and set a buy rating for the company in a research note on Tuesday, February 19th. Barclays reaffirmed a neutral rating on shares of CF Industries in a research note on Friday, February 15th. Finally, Berenberg Bank set a $43.00 price objective on CF Industries and gave the company a hold rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $50.41.

CF stock opened at $42.47 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 3.56 and a beta of 0.75. CF Industries has a 52-week low of $38.90 and a 52-week high of $56.51.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.01 billion. CF Industries had a return on equity of 4.81% and a net margin of 7.09%. CF Industries’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. As a group, equities research analysts anticipate that CF Industries will post 2.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 2.83%. CF Industries’s payout ratio is 96.77%.

In related news, Director Stephen A. Furbacher sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total transaction of $126,030.00. Following the completion of the transaction, the director now directly owns 47,190 shares of the company’s stock, valued at approximately $1,982,451.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. acquired a new position in CF Industries during the 1st quarter worth $221,000. Redwood Investment Management LLC acquired a new position in CF Industries during the 1st quarter worth $264,000. CWM Advisors LLC grew its stake in CF Industries by 75.2% during the 1st quarter. CWM Advisors LLC now owns 11,488 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 4,931 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in CF Industries during the 1st quarter worth about $422,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in CF Industries by 9.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,284 shares of the basic materials company’s stock worth $302,000 after buying an additional 644 shares during the last quarter. 96.01% of the stock is owned by hedge funds and other institutional investors.

CF Industries Company Profile

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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