Nutrien (NYSE:NTR) Sees Strong Trading Volume

Nutrien Ltd. (NYSE:NTRGet Rating) saw an uptick in trading volume on Wednesday . 27,788 shares were traded during mid-day trading, a decline of 98% from the previous session’s volume of 1,615,949 shares.The stock last traded at $74.64 and had previously closed at $74.32.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. HSBC cut shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Credit Suisse Group set a $65.00 target price on shares of Nutrien and gave the stock an “underperform” rating in a research report on Monday. Barclays dropped their target price on shares of Nutrien from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, November 17th. Morgan Stanley lowered their price target on shares of Nutrien from $100.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Scotiabank cut shares of Nutrien from a “sector outperform” rating to a “sector perform” rating and set a $110.00 price target for the company. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.35.

Nutrien Price Performance

The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $39.24 billion, a PE ratio of 5.43, a PEG ratio of 0.74 and a beta of 0.86. The firm’s fifty day simple moving average is $76.34 and its 200-day simple moving average is $82.00.

Nutrien (NYSE:NTRGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.92 by ($1.41). Nutrien had a return on equity of 29.68% and a net margin of 20.60%. The company had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $9.02 billion. On average, research analysts forecast that Nutrien Ltd. will post 13.59 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.52%. Nutrien’s dividend payout ratio is presently 13.67%.

Institutional Trading of Nutrien

Large investors have recently made changes to their positions in the stock. Zions Bancorporation N.A. raised its stake in Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Nutrien by 0.3% during the second quarter. Crossmark Global Holdings Inc. now owns 38,626 shares of the company’s stock valued at $3,078,000 after acquiring an additional 124 shares during the last quarter. Cadence Wealth Management LLC increased its position in Nutrien by 3.7% during the second quarter. Cadence Wealth Management LLC now owns 3,489 shares of the company’s stock valued at $278,000 after acquiring an additional 126 shares during the last quarter. Centaurus Financial Inc. increased its position in Nutrien by 0.9% during the second quarter. Centaurus Financial Inc. now owns 14,753 shares of the company’s stock valued at $1,176,000 after acquiring an additional 127 shares during the last quarter. Finally, Van Strum & Towne Inc. increased its position in Nutrien by 1.0% during the second quarter. Van Strum & Towne Inc. now owns 13,981 shares of the company’s stock valued at $1,114,000 after acquiring an additional 135 shares during the last quarter. 64.52% of the stock is currently owned by institutional investors.

Nutrien Company Profile

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Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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