CF Industries (NYSE:CF) had its target price hoisted by UBS Group from $53.00 to $58.00 in a report published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other research firms have also recently weighed in on CF. ValuEngine raised CF Industries from a hold rating to a buy rating in a report on Sunday, June 16th. Citigroup reduced their price objective on CF Industries from $50.00 to $48.00 and set a buy rating for the company in a research note on Friday, May 31st. Zacks Investment Research upgraded CF Industries from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Thursday, July 18th. Bank of America lowered CF Industries from a buy rating to an underperform rating and cut their price target for the stock from $50.00 to $38.00 in a research note on Thursday, April 18th. Finally, Cowen restated an outperform rating and set a $54.00 price objective (down previously from $56.00) on shares of CF Industries in a research report on Wednesday, May 15th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $49.98.
Shares of NYSE CF traded down $1.80 during midday trading on Thursday, hitting $50.88. 22,030 shares of the stock traded hands, compared to its average volume of 2,165,625. The stock has a 50-day moving average price of $47.17. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 41.02, a P/E/G ratio of 4.41 and a beta of 0.92. The company has a quick ratio of 1.17, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. CF Industries has a one year low of $38.90 and a one year high of $56.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. CF Industries’s payout ratio is currently 96.77%.
In other news, Director Stephen A. Furbacher sold 3,000 shares of CF Industries stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $42.01, for a total transaction of $126,030.00. Following the completion of the sale, the director now directly owns 47,190 shares in the company, valued at $1,982,451.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard A. Hoker sold 3,665 shares of CF Industries stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $41.15, for a total transaction of $150,814.75. Following the sale, the vice president now owns 63,383 shares of the company’s stock, valued at $2,608,210.45. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
Several large investors have recently bought and sold shares of CF. Meeder Asset Management Inc. purchased a new stake in CF Industries during the 2nd quarter valued at about $85,000. Parkside Investments LLC grew its stake in CF Industries by 2.8% during the 2nd quarter. Parkside Investments LLC now owns 85,485 shares of the basic materials company’s stock valued at $3,993,000 after acquiring an additional 2,325 shares in the last quarter. Comerica Bank grew its stake in CF Industries by 1.4% during the 2nd quarter. Comerica Bank now owns 43,604 shares of the basic materials company’s stock valued at $2,068,000 after acquiring an additional 586 shares in the last quarter. Advisory Services Network LLC grew its stake in CF Industries by 12.7% during the 2nd quarter. Advisory Services Network LLC now owns 18,136 shares of the basic materials company’s stock valued at $847,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Keybank National Association OH grew its stake in CF Industries by 218.7% during the 2nd quarter. Keybank National Association OH now owns 19,377 shares of the basic materials company’s stock valued at $905,000 after acquiring an additional 13,297 shares in the last quarter. Institutional investors and hedge funds own 92.83% 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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