Nutrien Ltd. (NYSE:NTR) Receives $59.27 Average Price Target from Brokerages

Nutrien Ltd. (NYSE:NTR) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.93.

A number of analysts recently commented on NTR shares. Barclays lifted their price target on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Oppenheimer cut their price target on shares of Nutrien from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company raised their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, February 21st. UBS Group boosted their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th.

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently bought and sold shares of NTR. Vanguard Group Inc. raised its position in shares of Nutrien by 7.1% in the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after buying an additional 1,412,503 shares in the last quarter. Dodge & Cox boosted its position in shares of Nutrien by 0.3% during the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock valued at $560,416,000 after acquiring an additional 40,800 shares during the last quarter. Silchester International Investors LLP grew its holdings in shares of Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after purchasing an additional 77,174 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Nutrien by 0.7% in the first quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock valued at $389,860,000 after purchasing an additional 54,918 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $55.59 on Friday. The company has a fifty day moving average price of $51.97 and a 200-day moving average price of $49.95. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 1.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien has a 1 year low of $43.70 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts predict that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.92%. Nutrien’s dividend payout ratio (DPR) is currently 203.74%.

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.