Nutrien Ltd. (NTR) – What Are Researchers Saying About This Stock?

Nutrien Ltd. (NYSE:NTR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $79.90.

NTR has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. KeyCorp started coverage on shares of Nutrien in a research report on Thursday, September 10th. They issued a “sector weight” rating and a $73.00 price objective for the company. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Oppenheimer reduced their price objective on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, National Bank Financial decreased their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th.

View Our Latest Research Report on NTR

Nutrien Price Performance

NYSE:NTR traded up $1.67 during mid-day trading on Friday, reaching $71.25. 2,682,514 shares of the company were exchanged, compared to its average volume of 2,578,794. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a fifty day moving average of $73.28 and a 200 day moving average of $70.53. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The stock has a market cap of $33.92 billion, a PE ratio of 14.42, a PEG ratio of 0.75 and a beta of 0.68.

Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the previous year, the business posted $2.65 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Nutrien will post 4.63 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. Nutrien’s payout ratio is presently 44.53%.

Hedge Funds Weigh In On Nutrien

Several large investors have recently made changes to their positions in NTR. Wellington Management Group LLP acquired a new stake in Nutrien in the second quarter worth about $654,081,000. Deutsche Bank AG bought a new stake in Nutrien during the 2nd quarter worth about $588,720,000. TD Waterhouse Canada Inc. raised its holdings in Nutrien by 10.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,096,905 shares of the company’s stock worth $424,331,000 after purchasing an additional 578,470 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Nutrien during the 2nd quarter valued at about $375,178,000. Finally, Dimensional Fund Advisors LP lifted its position in Nutrien by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company’s stock valued at $443,151,000 after purchasing an additional 239,946 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

About Nutrien

(Get Free Report)

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.

Further Reading

Analyst Recommendations for Nutrien (NYSE:NTR)

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