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Fintel reports that on September 26, 2023, UBS maintained coverage of CF Industries Holdings (NYSE:CF) with a Buy recommendation.

Analyst Price Forecast Suggests 2.90% Upside

As of August 31, 2023, the average one-year price target for CF Industries Holdings is 88.43. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents an increase of 2.90% from its latest reported closing price of 85.94.

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

The projected annual revenue for CF Industries Holdings is 10,100MM, an increase of 15.88%. The projected annual non-GAAP EPS is 14.64.

CF Industries Holdings Declares $0.40 Dividend

On July 6, 2023 the company declared a regular quarterly dividend of $0.40 per share ($1.60 annualized). Shareholders of record as of August 15, 2023 received the payment on August 31, 2023. Previously, the company paid $0.40 per share.

At the current share price of $85.94 / share, the stock's dividend yield is 1.86%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.54%, the lowest has been 1.09%, and the highest has been 5.44%. The standard deviation of yields is 0.82 (n=236).

The current dividend yield is 0.82 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.13. 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 0.33%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1511 funds or institutions reporting positions in CF Industries Holdings. This is a decrease of 97 owner(s) or 6.03% in the last quarter. Average portfolio weight of all funds dedicated to CF is 0.24%, a decrease of 8.12%. Total shares owned by institutions decreased in the last three months by 2.08% to 198,974K shares.

The put/call ratio of CF is 1.01, indicating a bearish outlook.

What are Other Shareholders Doing?

Price T Rowe Associates holds 13,508K shares representing 7.00% ownership of the company. In it's prior filing, the firm reported owning 13,079K shares, representing an increase of 3.18%. The firm increased its portfolio allocation in CF by 107.71% over the last quarter.

Invesco holds 6,229K shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 5,157K shares, representing an increase of 17.22%. The firm increased its portfolio allocation in CF by 1,074.51% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,101K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 6,058K shares, representing an increase of 0.70%. The firm decreased its portfolio allocation in CF by 11.02% over the last quarter.

Geode Capital Management holds 4,729K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 4,662K shares, representing an increase of 1.41%. The firm decreased its portfolio allocation in CF by 12.35% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 4,641K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 4,579K shares, representing an increase of 1.34%. The firm decreased its portfolio allocation in CF by 12.09% 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.

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This story originally appeared on Fintel.

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