CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium. It primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
Analyst Ratings Changes
Several equities analysts recently issued reports on CF shares. Scotiabank raised shares of CF Industries from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, August 3rd. Mizuho lifted their price target on shares of CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. Royal Bank of Canada lifted their price target on shares of CF Industries from $100.00 to $110.00 and gave the stock a "sector perform" rating in a report on Thursday, July 14th. Barclays began coverage on shares of CF Industries in a report on Wednesday, June 1st. They issued an "equal weight" rating and a $103.00 price target on the stock. Finally, Citigroup raised shares of CF Industries from a "neutral" rating to a "buy" rating and set a $117.00 price target on the stock in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, CF Industries has an average rating of "Hold" and a consensus price target of $96.78.
CF Industries Stock Performance
NYSE:CF traded down $0.61 on Monday, reaching $99.44. 2,112,830 shares of the company's stock traded hands, compared to its average volume of 3,827,431. The firm has a market cap of $19.81 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.88 and a beta of 1.06. The stock has a 50 day moving average price of $89.54 and a 200-day moving average price of $91.18. CF Industries has a fifty-two week low of $43.19 and a fifty-two week high of $113.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.95 and a current ratio of 3.41.
CF Industries (NYSE:CF - Get Rating) last posted its earnings results on Monday, August 1st. The basic materials company reported $6.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.23 by ($0.04). The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.50 billion. CF Industries had a net margin of 25.28% and a return on equity of 49.10%. The company's revenue for the quarter was up 113.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Equities research analysts predict that CF Industries will post 19.01 EPS for the current fiscal year.
CF Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. CF Industries's dividend payout ratio (DPR) is currently 13.11%.
Insiders Place Their Bets
In other CF Industries news, VP Richard A. Hoker sold 6,684 shares of the company's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $94.90, for a total value of $634,311.60. Following the completion of the transaction, the vice president now owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company's stock.