Shares of Nutrien Ltd. (NYSE:NTR – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $81.5789.
NTR has been the topic of several analyst reports. Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, April 30th. Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Barclays dropped their price objective on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th.
Read Our Latest Stock Analysis on Nutrien
Institutional Inflows and Outflows
Nutrien Trading Down 2.0%
Shares of Nutrien stock opened at $72.81 on Friday. The stock has a market cap of $34.83 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The firm has a fifty day moving average price of $66.73 and a 200 day moving average price of $70.47. Nutrien has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.
Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. Equities research analysts predict that Nutrien will post 4.95 earnings per share for the current year.
Nutrien Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. Nutrien’s payout ratio is presently 44.53%.
About Nutrien
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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