UBS Group Boosts CF Industries (NYSE:CF) Price Target to $58.00

CF Industries (NYSE:CF) had its price target upped by UBS Group from $53.00 to $58.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the basic materials company’s stock.

A number of other research firms have also weighed in on CF. Cowen reissued an outperform rating and issued a $54.00 target price (down previously from $56.00) on shares of CF Industries in a research note on Wednesday, May 15th. Zacks Investment Research raised CF Industries from a hold rating to a buy rating and set a $50.00 target price for the company in a research note on Thursday, July 18th. ValuEngine raised CF Industries from a hold rating to a buy rating in a research report on Sunday, June 16th. Citigroup lowered their price target on CF Industries from $50.00 to $48.00 and set a buy rating for the company in a research report on Friday, May 31st. Finally, Bank of America lowered CF Industries from a buy rating to an underperform rating and lowered their price target for the company from $50.00 to $38.00 in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $49.98.

Shares of NYSE CF traded up $0.33 during midday trading on Thursday, reaching $52.68. The company had a trading volume of 2,917,755 shares, compared to its average volume of 2,165,625. CF Industries has a one year low of $38.90 and a one year high of $56.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.43. The company’s fifty day simple moving average is $47.17. The company has a market cap of $11.57 billion, a PE ratio of 42.48, a PEG ratio of 4.38 and a beta of 0.92.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.47. CF Industries had a return on equity of 7.22% and a net margin of 9.67%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $0.63 EPS. CF Industries’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts anticipate that CF Industries will post 1.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Wednesday, August 14th. CF Industries’s payout ratio is 96.77%.

In other CF Industries news, VP Richard A. Hoker sold 3,665 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $41.15, for a total transaction of $150,814.75. Following the transaction, the vice president now owns 63,383 shares in the company, valued at approximately $2,608,210.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen A. Furbacher sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total value of $126,030.00. Following the transaction, the director now owns 47,190 shares in the company, valued at approximately $1,982,451.90. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of CF. Norges Bank purchased a new position in shares of CF Industries during the 4th quarter worth approximately $76,365,000. Geode Capital Management LLC grew its holdings in shares of CF Industries by 27.4% during the 4th quarter. Geode Capital Management LLC now owns 4,022,001 shares of the basic materials company’s stock worth $174,768,000 after acquiring an additional 865,928 shares during the period. American Century Companies Inc. purchased a new position in shares of CF Industries during the 4th quarter worth approximately $36,451,000. Investec Asset Management LTD grew its holdings in shares of CF Industries by 471.9% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the basic materials company’s stock worth $5,508,000 after acquiring an additional 535,111 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of CF Industries by 48.6% during the 4th quarter. Deutsche Bank AG now owns 1,598,843 shares of the basic materials company’s stock worth $69,562,000 after acquiring an additional 522,843 shares during the period. Hedge funds and other institutional investors own 92.86% of the company’s stock.

About CF Industries

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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