Nutrien Ltd. (NYSE:NTR – Get 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
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:NTR – Get 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
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.
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