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.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CF. Credit Suisse Group upped their price target on shares of CF Industries from $73.00 to $78.00 and gave the company an "underperform" rating in a research note on Tuesday, August 2nd. Barclays upgraded shares of CF Industries from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $103.00 to $120.00 in a research note on Wednesday. Mizuho upped their price target on shares of CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Piper Sandler increased their target price on shares of CF Industries from $120.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 31st. Finally, Royal Bank of Canada increased their target price on shares of CF Industries from $100.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.84.
CF Industries Price Performance
Shares of CF Industries stock traded down $0.29 on Wednesday, hitting $102.31. 1,785,257 shares of the company traded hands, compared to its average volume of 3,803,302. The firm's 50-day simple moving average is $89.61 and its 200 day simple moving average is $91.26. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.39. The company has a market cap of $20.39 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.88 and a beta of 1.06. CF Industries has a 12-month low of $43.19 and a 12-month high of $113.49.
CF Industries (NYSE:CF - Get Rating) last posted its quarterly earnings data on Monday, August 1st. The basic materials company reported $6.19 earnings per share for the quarter, missing the consensus estimate of $6.23 by ($0.04). The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.50 billion. CF Industries had a net margin of 25.28% and a return on equity of 49.10%. The business's quarterly revenue was up 113.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. Analysts expect that CF Industries will post 19.01 earnings per share for the current fiscal year.
CF Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, August 12th. CF Industries's dividend payout ratio is currently 13.11%.
Insider Activity at CF Industries
In other news, VP Richard A. Hoker sold 6,684 shares of the firm'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 sale, the vice president now directly owns 45,243 shares of the company's stock, valued at approximately $4,293,560.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by insiders.