Nutrien Ltd. (NYSE:NTR) Receives $82.75 Average Target Price from Brokerages

Nutrien Ltd. (NYSE:NTRGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $82.75.

NTR has been the topic of a number of research reports. Barclays raised their price objective on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Mizuho raised their price objective on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and raised their price objective for the stock from $74.00 to $96.00 in a report on Thursday, March 12th. Finally, Oppenheimer raised their price objective on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday.

Check Out Our Latest Analysis on NTR

Hedge Funds Weigh In On Nutrien

A number of large investors have recently modified their holdings of NTR. Montag A & Associates Inc. grew its stake in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in Nutrien during the 1st quarter valued at approximately $32,000. Root Financial Partners LLC acquired a new stake in Nutrien during the 3rd quarter valued at approximately $37,000. Sfam LLC acquired a new stake in Nutrien during the 4th quarter valued at approximately $37,000. Finally, Eastern Bank grew its stake in Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after purchasing an additional 399 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NYSE NTR opened at $71.60 on Wednesday. The business’s 50-day moving average price is $74.55 and its 200 day moving average price is $67.46. Nutrien has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a market capitalization of $34.42 billion, a PE ratio of 14.58 and a beta of 0.64. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTRGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts predict that Nutrien will post 5.09 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Nutrien Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Nutrien (NYSE:NTR)

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