Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $62.39

Shares of Nutrien Ltd. (NYSE:NTR) have received a consensus 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, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.39.

Several brokerages recently weighed in on NTR. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Friday. UBS Group cut their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their price target on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Mizuho cut their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.

Institutional Trading of Nutrien

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after purchasing an additional 570,912 shares during the period. Bank of Montreal Can boosted its stake in Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after acquiring an additional 1,794,333 shares during the last quarter. Parnassus Investments LLC increased its stake in shares of Nutrien by 19.5% during the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after purchasing an additional 1,960,162 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Nutrien by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after purchasing an additional 50,369 shares during the period. Finally, TD Asset Management Inc lifted its stake in Nutrien by 28.6% in the fourth quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after purchasing an additional 2,050,358 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NTR opened at $47.06 on Friday. The business’s 50 day moving average is $48.00 and its 200-day moving average is $51.86. 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 stock has a market cap of $23.29 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. Nutrien has a twelve month low of $44.65 and a twelve month high of $63.60.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. On average, analysts predict that Nutrien will post 3.81 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.59%. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

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.