Stephens started coverage on shares of CF Industries (NYSE:CF) in a report published on Monday, Marketbeat.com reports. The firm issued an equal weight rating and a $38.00 price target on the basic materials company’s stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded CF Industries from a sell rating to a hold rating in a research report on Wednesday, August 16th. Royal Bank Of Canada increased their target price on CF Industries from $23.00 to $27.00 and gave the company an underperform rating in a research report on Tuesday, October 17th. Atlantic Securities lowered CF Industries from a neutral rating to an underweight rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. BMO Capital Markets increased their target price on CF Industries from $38.00 to $43.00 and gave the company a market perform rating in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies reiterated a hold rating and set a $28.00 target price on shares of CF Industries in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $34.95.
Shares of CF Industries (NYSE CF) traded up $1.67 during trading hours on Monday, reaching $38.22. 2,349,900 shares of the company traded hands, compared to its average volume of 4,441,269. CF Industries has a one year low of $25.04 and a one year high of $39.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. CF Industries’s payout ratio is currently -65.57%.
In other CF Industries news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares of the company’s stock, valued at $2,453,968. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Saratoga Research & Investment Management acquired a new stake in shares of CF Industries in the 3rd quarter worth $108,000. Ffcm LLC increased its stake in shares of CF Industries by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 2,772 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of CF Industries in the 2nd quarter worth $126,000. BT Investment Management Ltd acquired a new stake in shares of CF Industries in the 2nd quarter worth $126,000. Finally, Pacer Advisors Inc. increased its stake in shares of CF Industries by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 355 shares during the last quarter.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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