Nutrien Ltd. (NYSE:NTR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $81.6111.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Berenberg Bank set a $65.00 price target on Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, April 30th. Morgan Stanley cut their target price on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets upped their price target on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th.

Nutrien Price Performance

Shares of Nutrien stock traded up $1.12 during trading on Thursday, hitting $65.67. 289,902 shares of the company’s stock traded hands, compared to its average volume of 3,321,315. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The firm’s fifty day moving average price is $68.12 and its 200 day moving average price is $69.63. Nutrien has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a market cap of $31.47 billion, a PE ratio of 13.38, a PEG ratio of 0.60 and a beta of 0.62.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Analysts forecast that Nutrien will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

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 paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. Nutrien’s payout ratio is currently 44.81%.

Institutional Trading of Nutrien

Hedge funds have recently modified their holdings of the stock. Montag A & Associates Inc. raised 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 last quarter. Evolution Wealth Management Inc. bought a new position in Nutrien in the 1st quarter valued at $32,000. Sfam LLC bought a new position in Nutrien in the 4th quarter valued at $37,000. Eastern Bank increased its stake in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares during the period. 63.10% of the stock is owned by institutional investors.

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.