CF Industries (NYSE:CF) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of CF Industries (NYSE:CF) from a buy rating to a hold rating in a report published on Saturday.

A number of other brokerages have also recently commented on CF. The Goldman Sachs Group reduced their target price on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. BMO Capital Markets lowered their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Bank of America upped their price objective on shares of CF Industries from $103.00 to $106.00 in a research note on Thursday, May 14th. Royal Bank Of Canada cut their price objective on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Scotiabank raised shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $120.00 to $125.00 in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.62.

CF Industries Stock Performance

NYSE CF opened at $121.17 on Friday. The company has a market cap of $18.62 billion, a PE ratio of 10.89 and a beta of 0.40. The stock’s 50 day simple moving average is $114.30 and its 200-day simple moving average is $109.29. CF Industries has a 1-year low of $75.42 and a 1-year high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. CF Industries’s dividend payout ratio (DPR) is presently 21.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Himension Capital Singapore PTE. LTD. purchased a new position in CF Industries in the first quarter valued at $25,000. Hantz Financial Services Inc. lifted its holdings in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in CF Industries during the 4th quarter worth about $43,000. WPG Advisers LLC lifted its holdings in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after buying an additional 227 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of CF Industries during the 2nd quarter worth about $44,000. 93.06% of the stock is owned by institutional investors and hedge funds.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.