CF Industries (CF) Given “Market Perform” Rating at Cowen

Cowen reiterated their market perform rating on shares of CF Industries (NYSE:CF) in a research note published on Tuesday. They currently have a $40.00 price objective on the basic materials company’s stock, up from their prior price objective of $33.00.

Several other analysts have also commented on the company. Piper Jaffray Companies set a $44.00 price target on CF Industries and gave the company a hold rating in a research note on Thursday, February 15th. Scotiabank set a $35.00 price target on CF Industries and gave the company a hold rating in a research note on Thursday, February 15th. Royal Bank of Canada set a $37.00 price target on CF Industries and gave the company a sell rating in a research note on Thursday, February 15th. Zacks Investment Research raised CF Industries from a sell rating to a hold rating in a research note on Wednesday, February 7th. Finally, Credit Suisse Group set a $40.00 price target on CF Industries and gave the company a hold rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. CF Industries presently has a consensus rating of Hold and an average target price of $37.71.

Shares of CF Industries (NYSE CF) opened at $41.82 on Tuesday. The stock has a market capitalization of $9,750.00, a P/E ratio of -73.37, a PEG ratio of 19.62 and a beta of 1.09. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70. CF Industries has a 1 year low of $25.04 and a 1 year high of $43.98.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. CF Industries’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) earnings per share. analysts predict that CF Industries will post 0.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, February 15th. CF Industries’s dividend payout ratio is currently -210.53%.

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in CF Industries by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,079,530 shares of the basic materials company’s stock worth $258,623,000 after purchasing an additional 487,200 shares in the last quarter. Geode Capital Management LLC boosted its stake in CF Industries by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock worth $112,002,000 after purchasing an additional 91,806 shares in the last quarter. Platinum Investment Management Ltd. acquired a new position in CF Industries in the fourth quarter worth $69,077,000. Schwab Charles Investment Management Inc. boosted its stake in CF Industries by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,310,274 shares of the basic materials company’s stock worth $55,740,000 after purchasing an additional 86,586 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in CF Industries by 3.5% in the third quarter. Legal & General Group Plc now owns 1,228,974 shares of the basic materials company’s stock worth $43,202,000 after purchasing an additional 41,138 shares in 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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