CF Industries (NYSE:CF) Given New $90.00 Price Target at Royal Bank of Canada

CF Industries (NYSE:CF) had its price target cut by Royal Bank of Canada from $100.00 to $90.00 in a report released on Tuesday,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. UBS Group cut their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Piper Sandler boosted their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Bank of America raised shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.14.

CF Industries Price Performance

Shares of NYSE:CF opened at $78.40 on Tuesday. The company has a 50 day moving average of $87.57 and a 200 day moving average of $85.64. The stock has a market cap of $13.29 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.37 and a beta of 0.97. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, sell-side analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. CF Industries’s dividend payout ratio is currently 29.54%.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the transaction, the executive vice president now owns 93,986 shares of the company’s stock, valued at $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock worth $1,455,965 in the last three months. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in CF Industries by 6.6% in the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after purchasing an additional 543,876 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock worth $494,202,000 after purchasing an additional 225,109 shares in the last quarter. Victory Capital Management Inc. raised its holdings in CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock worth $382,901,000 after purchasing an additional 299,173 shares in the last quarter. First Trust Advisors LP raised its holdings in CF Industries by 3.5% in the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company’s stock worth $377,585,000 after purchasing an additional 150,461 shares in the last quarter. Finally, Boston Partners raised its holdings in CF Industries by 7.0% in the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after purchasing an additional 216,395 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.