CF Industries (CF) Coverage Initiated at Barclays

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Barclays assumed coverage on shares of CF Industries (NYSE:CF) in a report released on Tuesday, Marketbeat reports. The firm issued an equal weight rating and a $55.00 price target on the basic materials company’s stock.

CF has been the subject of several other reports. ValuEngine lowered CF Industries from a buy rating to a hold rating in a research note on Monday, May 7th. Zacks Investment Research upgraded CF Industries from a hold rating to a strong-buy rating and set a $57.00 price objective for the company in a research note on Monday, August 6th. Scotiabank reiterated a buy rating and set a $53.00 price objective on shares of CF Industries in a research note on Friday, August 3rd. Citigroup upped their price target on CF Industries from $40.00 to $46.00 and gave the company a neutral rating in a research report on Wednesday, July 11th. Finally, Royal Bank of Canada upped their price target on CF Industries from $42.00 to $45.00 and gave the company a hold rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $44.04.

NYSE:CF opened at $50.93 on Tuesday. CF Industries has a 12 month low of $31.47 and a 12 month high of $52.07. The company has a quick ratio of 2.26, a current ratio of 2.80 and a debt-to-equity ratio of 0.74. The company has a market cap of $11.90 billion, a price-to-earnings ratio of -203.72, a PEG ratio of 5.95 and a beta of 1.03.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.18. CF Industries had a return on equity of 1.82% and a net margin of 13.94%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $0.10 EPS. CF Industries’s quarterly revenue was up 15.7% on a year-over-year basis. equities research analysts forecast that CF Industries will post 1.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. CF Industries’s dividend payout ratio (DPR) is presently -480.00%.

CF Industries declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In related news, Director Stephen A. Furbacher sold 2,000 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $49.52, for a total value of $99,040.00. Following the completion of the transaction, the director now directly owns 54,690 shares in the company, valued at $2,708,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen A. Furbacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $51.43, for a total value of $51,430.00. Following the completion of the transaction, the director now owns 53,690 shares of the company’s stock, valued at $2,761,276.70. The disclosure for this sale can be found here. Insiders sold 40,131 shares of company stock valued at $1,976,560 over the last quarter. 1.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in CF Industries by 41.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,780,097 shares of the basic materials company’s stock worth $180,352,000 after purchasing an additional 1,391,605 shares in the last quarter. Van ECK Associates Corp lifted its stake in CF Industries by 3.3% during the second quarter. Van ECK Associates Corp now owns 3,218,595 shares of the basic materials company’s stock worth $142,906,000 after purchasing an additional 103,834 shares in the last quarter. Manning & Napier Group LLC lifted its stake in CF Industries by 700.3% during the second quarter. Manning & Napier Group LLC now owns 2,961,421 shares of the basic materials company’s stock worth $131,485,000 after purchasing an additional 2,591,386 shares in the last quarter. Platinum Investment Management Ltd. lifted its stake in CF Industries by 7.2% during the second quarter. Platinum Investment Management Ltd. now owns 2,671,833 shares of the basic materials company’s stock worth $118,629,000 after purchasing an additional 180,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in CF Industries by 12.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,472,545 shares of the basic materials company’s stock worth $55,560,000 after purchasing an additional 162,271 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Analyst Recommendations for CF Industries (NYSE:CF)

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