Nutrien Ltd. (NYSE:NTR) Receives $67.95 Average PT from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have received an average rating of “Hold” from the nineteen analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.95.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Nutrien in a research note on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. BMO Capital Markets decreased their price target on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Piper Sandler lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $68.00 to $54.00 in a research note on Thursday, February 29th. Finally, Berenberg Bank decreased their price target on shares of Nutrien from $67.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, February 8th.

Nutrien Trading Down 0.5 %

NTR stock opened at $52.05 on Tuesday. The company’s 50-day simple moving average is $53.20 and its 200-day simple moving average is $54.15. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. Nutrien has a 52-week low of $47.90 and a 52-week high of $70.07. The firm has a market cap of $25.74 billion, a P/E ratio of 20.57, a PEG ratio of 1.95 and a beta of 0.89.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the company earned $2.02 earnings per share. The company’s revenue was down 24.8% compared to the same quarter last year. As a group, equities analysts forecast that Nutrien will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.15%. Nutrien’s dividend payout ratio is presently 85.38%.

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently made changes to their positions in NTR. GHP Investment Advisors Inc. acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $27,000. Washington Trust Advisors Inc. acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $165,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $41,453,000. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Nutrien by 2.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,762 shares of the company’s stock worth $3,073,000 after buying an additional 1,390 shares during the last quarter. Finally, Manning & Napier Group LLC increased its holdings in shares of Nutrien by 3.4% during the 3rd quarter. Manning & Napier Group LLC now owns 49,165 shares of the company’s stock worth $3,036,000 after buying an additional 1,624 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.