CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $75.92 and last traded at $78.42, with a volume of 2442980 shares. The stock had previously closed at $79.79.
Analysts Set New Price Targets
CF has been the topic of a number of recent analyst reports. Scotiabank upgraded CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price objective on the stock in a report on Wednesday, April 9th. BNP Paribas raised shares of CF Industries to a "strong-buy" rating in a report on Wednesday, April 9th. The Goldman Sachs Group initiated coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 target price on the stock. JPMorgan Chase & Co. lowered CF Industries from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $82.00 to $75.00 in a research note on Friday, January 24th. Finally, Bank of America raised shares of CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 target price for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CF Industries currently has a consensus rating of "Hold" and a consensus price target of $89.29.
Read Our Latest Stock Report on CF
CF Industries Price Performance
The company has a fifty day moving average price of $76.21 and a two-hundred day moving average price of $83.29. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.37 and a beta of 0.94.
CF Industries (NYSE:CF - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts anticipate that CF Industries Holdings, Inc. will post 5.83 EPS for the current fiscal year.
CF Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. CF Industries's dividend payout ratio (DPR) is currently 29.54%.
Hedge Funds Weigh In On CF Industries
Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Bank Ltd. bought a new position in CF Industries during the 4th quarter worth about $26,000. Curat Global LLC acquired a new stake in CF Industries in the 1st quarter worth about $25,000. Golden State Wealth Management LLC lifted its position in shares of CF Industries by 119.8% during the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 206 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of CF Industries during the 4th quarter worth approximately $34,000. Finally, Creative Financial Designs Inc. ADV raised its stake in CF Industries by 50.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock worth $41,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company's stock.
About CF Industries
(
Get Free Report)
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.
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