Piper Sandler Lowers CF Industries (NYSE:CF) Price Target to $75.00

CF Industries (NYSE:CF - Free Report) had its target price reduced by Piper Sandler from $82.00 to $75.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an underweight rating on the basic materials company's stock.

CF has been the topic of several other reports. Wolfe Research initiated coverage on shares of CF Industries in a research report on Friday, March 1st. They set an outperform rating and a $99.00 price target on the stock. Barclays raised shares of CF Industries from an underweight rating to an equal weight rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. UBS Group downgraded shares of CF Industries from a buy rating to a neutral rating and decreased their price objective for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Scotiabank decreased their price objective on shares of CF Industries from $86.00 to $80.00 and set a sector perform rating on the stock in a report on Monday. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $95.00 price objective on shares of CF Industries in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $85.00.

CF Industries Stock Up 0.6 %

CF traded up $0.48 during trading on Tuesday, reaching $74.99. The company had a trading volume of 2,882,782 shares, compared to its average volume of 2,453,301. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. CF Industries has a 12 month low of $60.08 and a 12 month high of $87.90. The business's fifty day moving average price is $81.34 and its 200 day moving average price is $79.20. The company has a market cap of $13.71 billion, a P/E ratio of 12.40, a PEG ratio of 2.11 and a beta of 1.02.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.44). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business's quarterly revenue was down 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 EPS. Equities analysts anticipate that CF Industries will post 5.86 EPS for the current year.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. CF Industries's payout ratio is 33.22%.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now owns 64,030 shares of the company's stock, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CF. Norges Bank bought a new position in CF Industries in the 4th quarter valued at approximately $193,145,000. Boston Partners acquired a new stake in CF Industries during the 3rd quarter valued at approximately $160,475,000. Goldman Sachs Group Inc. increased its position in CF Industries by 68.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company's stock valued at $122,933,000 after purchasing an additional 630,264 shares during the period. Van ECK Associates Corp increased its position in CF Industries by 98.4% during the 3rd quarter. Van ECK Associates Corp now owns 891,216 shares of the basic materials company's stock valued at $76,413,000 after purchasing an additional 441,995 shares during the period. Finally, First Trust Advisors LP increased its position in CF Industries by 16.5% during the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company's stock valued at $232,779,000 after purchasing an additional 414,785 shares during the period. 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.