Nutrien (NYSE:NTR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Nutrien (NYSE:NTR) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other brokerages also recently weighed in on NTR. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Mizuho raised their price target on shares of Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.75.

Nutrien Price Performance

NTR stock opened at $71.60 on Friday. The firm has a 50 day moving average price of $74.55 and a 200-day moving average price of $67.46. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of 14.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Equities research analysts forecast that Nutrien will post 5.42 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Institutional Investors Weigh In On Nutrien

Large investors have recently added to or reduced their stakes in the stock. Montag A & Associates Inc. grew its position in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new stake in Nutrien in the 1st quarter worth approximately $32,000. Sfam LLC bought a new stake in Nutrien in the 4th quarter worth approximately $37,000. Root Financial Partners LLC bought a new stake in Nutrien in the 3rd quarter worth approximately $37,000. Finally, Eastern Bank grew its position in Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.