CF

Wolfe Research Initiates Coverage of CF Industries Holdings (CF) with Outperform Recommendation

Fintel reports that on March 1, 2024, Wolfe Research initiated coverage of CF Industries Holdings (NYSE:CF) with a Outperform recommendation.

Analyst Price Forecast Suggests 5.58% Upside

As of February 24, 2024, the average one-year price target for CF Industries Holdings is 87.10. The forecasts range from a low of 68.68 to a high of $105.00. The average price target represents an increase of 5.58% from its latest reported closing price of 82.49.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for CF Industries Holdings is 7,710MM, an increase of 16.27%. The projected annual non-GAAP EPS is 8.65.

CF Industries Holdings Declares $0.50 Dividend

On January 31, 2024 the company declared a regular quarterly dividend of $0.50 per share ($2.00 annualized). Shareholders of record as of February 15, 2024 received the payment on February 29, 2024. Previously, the company paid $0.40 per share.

At the current share price of $82.49 / share, the stock's dividend yield is 2.42%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.49%, the lowest has been 1.09%, and the highest has been 5.44%. The standard deviation of yields is 0.83 (n=234).

The current dividend yield is 0.08 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.67%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1570 funds or institutions reporting positions in CF Industries Holdings. This is an increase of 1 owner(s) or 0.06% in the last quarter. Average portfolio weight of all funds dedicated to CF is 0.29%, a decrease of 1.79%. Total shares owned by institutions decreased in the last three months by 0.99% to 203,278K shares. CF / CF Industries Holdings, Inc. Put/Call Ratios The put/call ratio of CF is 0.81, indicating a bullish outlook.

What are Other Shareholders Doing?

CF / CF Industries Holdings, Inc. Shares Held by Institutions

Price T Rowe Associates holds 13,630K shares representing 7.24% ownership of the company. In it's prior filing, the firm reported owning 13,880K shares, representing a decrease of 1.83%. The firm decreased its portfolio allocation in CF by 16.51% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,002K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 6,101K shares, representing a decrease of 1.64%. The firm increased its portfolio allocation in CF by 26.13% over the last quarter.

Invesco holds 5,477K shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 5,790K shares, representing a decrease of 5.72%. The firm decreased its portfolio allocation in CF by 92.94% over the last quarter.

Bank of New York Mellon holds 5,377K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 5,214K shares, representing an increase of 3.03%. The firm decreased its portfolio allocation in CF by 90.23% over the last quarter.

Geode Capital Management holds 4,691K shares representing 2.49% ownership of the company. In it's prior filing, the firm reported owning 4,654K shares, representing an increase of 0.80%. The firm decreased its portfolio allocation in CF by 17.93% over the last quarter.

CF Industries Holdings Background Information
(This description is provided by the company.)

CF Industries Holdings Inc. is a leading global manufacturer of hydrogen and nitrogen products for clean energy, emissions abatement, fertilizer, and other industrial applications. The company operates manufacturing complexes in the United States, Canada, and the United Kingdom, which are among the most cost-advantaged, efficient, and flexible in the world, and an unparalleled storage, transportation and distribution network in North America. Its 3,000 employees focus on safe and reliable operations, environmental stewardship and disciplined capital and corporate management, driving its strategy to leverage and sustainably grow the world's most advantaged hydrogen and nitrogen platform to serve customers, creating long-term shareholder value.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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