Nutrien (NYSE:NTR – Free Report) had its price objective raised by Piper Sandler from $58.00 to $63.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.
NTR has been the subject of a number of other reports. CIBC reaffirmed an “outperformer” rating and set a $55.00 price target (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Oppenheimer started coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. TD Securities dropped their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average target price of $58.67.
Read Our Latest Stock Analysis on Nutrien
Nutrien Trading Down 0.4 %
Nutrien (NYSE:NTR – Get Free Report) last released 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 business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, sell-side analysts predict that Nutrien will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.939 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.15%. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 144.97%.
Institutional Trading of Nutrien
Hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new stake in Nutrien during the 3rd quarter worth approximately $28,000. HHM Wealth Advisors LLC raised its holdings in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the period. Exchange Traded Concepts LLC raised its holdings in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Nutrien in the second quarter valued at approximately $52,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Nutrien in the fourth quarter valued at approximately $67,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
Nutrien Company Profile
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.
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