Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $62.39

Nutrien Ltd. (NYSE:NTR) has been assigned an average rating of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $62.3889.

Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. Oppenheimer boosted their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, UBS Group cut their price objective on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th.

Institutional Trading of Nutrien

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Nutrien by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock valued at $1,276,328,000 after buying an additional 712,305 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after acquiring an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after acquiring an additional 3,900,755 shares during the period. Canada Pension Plan Investment Board grew its stake in Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after acquiring an additional 1,284,181 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Nutrien by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock worth $389,860,000 after purchasing an additional 54,918 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.6%

Shares of NTR stock opened at $59.37 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The firm has a market cap of $28.81 billion, a P/E ratio of 21.28, a PEG ratio of 0.97 and a beta of 0.82. The company has a 50 day moving average of $57.62 and a 200-day moving average of $56.99. Nutrien has a 12-month low of $43.69 and a 12-month high of $65.08.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the company earned $2.34 earnings per share. Nutrien’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Nutrien will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 78.14%.

About Nutrien

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.