Royal Bank of Canada Trims CF Industries (NYSE:CF) Target Price to $44.00

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CF Industries (NYSE:CF) had its price objective reduced by Royal Bank of Canada from $48.00 to $44.00 in a report issued on Friday, November 1st, BayStreet.CA reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other brokerages have also recently issued reports on CF. JPMorgan Chase & Co. boosted their target price on CF Industries from $43.00 to $47.00 and gave the stock a neutral rating in a report on Thursday, September 5th. Bank of America raised CF Industries from an underperform rating to a neutral rating in a research report on Monday, August 5th. Cowen boosted their price target on CF Industries from $59.00 to $62.00 and gave the stock an outperform rating in a research report on Thursday, September 26th. Consumer Edge assumed coverage on CF Industries in a research report on Monday, September 23rd. They set an overweight rating on the stock. Finally, Scotiabank lowered CF Industries from an outperform rating to a sector perform rating and set a $48.00 price target on the stock. in a research report on Wednesday, September 18th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $50.89.

CF Industries stock remained flat at $$46.63 during midday trading on Friday. The company had a trading volume of 1,795,100 shares, compared to its average volume of 2,438,803. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $10.38 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 3.31 and a beta of 0.95. The company’s 50-day moving average is $48.01 and its 200-day moving average is $46.58. CF Industries has a 1 year low of $38.90 and a 1 year high of $55.15.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.06). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts expect that CF Industries will post 2.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, November 14th. CF Industries’s dividend payout ratio is currently 96.77%.

In other news, VP Bert A. Frost sold 21,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.21, for a total value of $1,012,410.00. Following the completion of the sale, the vice president now owns 103,072 shares in the company, valued at $4,969,101.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total value of $166,250.00. Following the completion of the sale, the director now owns 49,187 shares of the company’s stock, valued at approximately $2,336,382.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,743 shares of company stock worth $5,770,325. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new stake in shares of CF Industries during the third quarter valued at $30,000. Parallel Advisors LLC increased its holdings in shares of CF Industries by 103.7% during the 3rd quarter. Parallel Advisors LLC now owns 725 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 369 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of CF Industries by 27.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 218 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of CF Industries during the 2nd quarter valued at about $51,000. Finally, B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of CF Industries during the 3rd quarter valued at about $60,000. 92.79% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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