Brokerages Set Nutrien Ltd. (NYSE:NTR) PT at $60.44

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average recommendation of “Hold” by the nineteen analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.44.

A number of brokerages have issued reports on NTR. Scotiabank decreased their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Mizuho reduced their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th.

Nutrien Stock Performance

NTR opened at $48.83 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The business has a fifty day simple moving average of $47.98 and a 200 day simple moving average of $50.59. Nutrien has a 1 year low of $44.65 and a 1 year high of $60.87. The company has a market capitalization of $24.12 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the firm posted $0.35 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Research analysts expect that Nutrien will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.69%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Nutrien by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after acquiring an additional 570,912 shares during the period. Bank of Montreal Can increased its holdings in Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after purchasing an additional 1,794,333 shares during the period. Silchester International Investors LLP raised its position in Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after purchasing an additional 6,642,075 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Nutrien by 0.5% during the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after buying an additional 50,369 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of Nutrien by 1.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock valued at $458,522,000 after buying an additional 167,312 shares during the last quarter. Institutional investors 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.