Nutrien Ltd. (NYSE:NTR) Receives $60.44 Average Target Price from Analysts

Nutrien Ltd. (NYSE:NTR) has received an average rating of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.44.

Several equities analysts have recently issued reports on NTR shares. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and cut their price target for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. BMO Capital Markets reduced their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Scotiabank reduced their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th.

Hedge Funds Weigh In On Nutrien

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Ontario Teachers Pension Plan Board grew its position in shares of Nutrien by 6.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 58,264 shares of the company’s stock valued at $2,799,000 after acquiring an additional 3,566 shares during the period. Advisors Asset Management Inc. increased its position in Nutrien by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 40,686 shares of the company’s stock worth $1,955,000 after buying an additional 1,044 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Nutrien by 34.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,220 shares of the company’s stock valued at $61,848,000 after buying an additional 327,799 shares during the period. Commerce Bank raised its stake in Nutrien by 9.9% in the third quarter. Commerce Bank now owns 4,826 shares of the company’s stock valued at $232,000 after buying an additional 433 shares during the period. Finally, Aviance Capital Partners LLC lifted its position in shares of Nutrien by 85.2% in the third quarter. Aviance Capital Partners LLC now owns 23,872 shares of the company’s stock valued at $1,147,000 after buying an additional 10,981 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 1.1 %

NTR opened at $48.83 on Friday. Nutrien has a 1-year low of $44.65 and a 1-year high of $60.87. The stock has a market capitalization of $24.12 billion, a PE ratio of 32.43, a PEG ratio of 1.58 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $47.98 and a two-hundred day moving average price of $50.59.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Nutrien will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.69%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 144.97%.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.