CF Industries (NYSE:CF) Price Target Cut to $55.00 by Analysts at UBS Group

CF Industries (NYSE:CF) had its price objective trimmed by UBS Group from $58.00 to $55.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on CF. Barclays set a $52.00 price objective on CF Industries and gave the stock a hold rating in a research report on Friday, November 1st. Morgan Stanley cut their price objective on CF Industries from $48.00 to $45.00 and set an equal weight rating for the company in a research report on Wednesday, December 11th. Sanford C. Bernstein cut CF Industries from a market perform rating to an underperform rating and set a $37.00 price objective for the company. in a research report on Monday, December 9th. Royal Bank of Canada increased their price objective on CF Industries from $44.00 to $46.00 and gave the stock a sector perform rating in a research report on Thursday, January 9th. Finally, Berenberg Bank reiterated a hold rating and issued a $44.00 price objective on shares of CF Industries in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $49.69.

Shares of CF Industries stock traded down $1.04 during trading hours on Thursday, hitting $38.30. 5,653,800 shares of the company were exchanged, compared to its average volume of 2,475,203. CF Industries has a 1 year low of $38.00 and a 1 year high of $55.15. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $43.86 and a 200-day moving average of $46.83. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.92 and a beta of 1.07.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $0.21 EPS. CF Industries’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, research analysts anticipate that CF Industries will post 2.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, February 13th. CF Industries’s dividend payout ratio is currently 96.77%.

In other news, VP Bert A. Frost sold 13,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $45.50, for a total value of $591,500.00. Following the completion of the transaction, the vice president now owns 95,072 shares in the company, valued at $4,325,776. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. SRB Corp purchased a new position in shares of CF Industries in the fourth quarter valued at $540,000. First Republic Investment Management Inc. increased its position in shares of CF Industries by 52.8% in the fourth quarter. First Republic Investment Management Inc. now owns 29,342 shares of the basic materials company’s stock valued at $1,401,000 after buying an additional 10,141 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of CF Industries by 256.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 143,492 shares of the basic materials company’s stock valued at $6,851,000 after buying an additional 103,292 shares in the last quarter. Samlyn Capital LLC purchased a new position in shares of CF Industries in the fourth quarter valued at $13,499,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of CF Industries by 2.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,654,316 shares of the basic materials company’s stock valued at $78,977,000 after buying an additional 45,924 shares in the last quarter. Institutional investors and hedge funds own 93.28% 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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