CF Industries (NYSE:CF) Price Target Lowered to $87.00 at Barclays

CF Industries (NYSE:CF - Free Report) had its price objective reduced by Barclays from $95.00 to $87.00 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have an equal weight rating on the basic materials company's stock.

CF has been the topic of a number of other research reports. The Goldman Sachs Group assumed coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target on the stock. Piper Sandler lifted their target price on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. cut 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. Oppenheimer downgraded CF Industries from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $89.29.

CF Industries Stock Performance

Shares of NYSE CF traded up $1.20 during trading hours on Tuesday, reaching $78.50. The stock had a trading volume of 1,882,840 shares, compared to its average volume of 2,102,627. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.37 and a beta of 0.84. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $98.25. The firm has a 50-day moving average of $76.15 and a 200-day moving average of $83.57. 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 - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. Equities research analysts predict that CF Industries will post 5.83 earnings per share for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 2.55%. CF Industries's dividend payout ratio is presently 29.54%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of CF Industries during the 4th quarter worth approximately $131,350,000. Ameriprise Financial Inc. raised its holdings in shares of CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company's stock worth $239,299,000 after acquiring an additional 637,784 shares during the last quarter. FMR LLC lifted its position in shares of CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company's stock valued at $753,429,000 after acquiring an additional 543,876 shares in the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in shares of CF Industries during the 4th quarter worth about $37,247,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of CF Industries by 459.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 435,352 shares of the basic materials company's stock worth $36,583,000 after buying an additional 357,531 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

About CF Industries

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.