Nutrien Ltd (NYSE:NTR) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 4,450,000 shares, a growth of 24.0% from the December 15th total of 3,590,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 0.8% of the shares of the stock are short sold.
Several research firms have recently issued reports on NTR. Scotiabank set a $60.00 price target on Nutrien and gave the stock a “buy” rating in a research note on Thursday, September 26th. Consumer Edge began coverage on Nutrien in a research note on Monday, September 23rd. They set an “overweight” rating and a $67.00 price target for the company. Raymond James set a $65.00 price target on Nutrien and gave the stock a “strong-buy” rating in a research note on Wednesday, November 6th. Susquehanna Bancshares cut their price target on Nutrien from $65.00 to $61.00 in a research note on Tuesday, November 19th. Finally, ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $59.69.
NTR stock traded up $0.37 during trading on Tuesday, hitting $48.35. The stock had a trading volume of 1,187,266 shares, compared to its average volume of 1,234,667. The company’s 50 day moving average price is $47.55 and its two-hundred day moving average price is $49.61. Nutrien has a 1-year low of $45.82 and a 1-year high of $56.00. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.28.
Nutrien (NYSE:NTR) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.12). Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Nutrien will post 2.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Monday, December 30th. Nutrien’s payout ratio is 66.91%.
A number of hedge funds have recently made changes to their positions in NTR. First Interstate Bank raised its stake in Nutrien by 470.6% in the 3rd quarter. First Interstate Bank now owns 970 shares of the company’s stock valued at $48,000 after purchasing an additional 800 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Nutrien by 142.3% during the 4th quarter. Kistler Tiffany Companies LLC now owns 1,415 shares of the company’s stock valued at $68,000 after acquiring an additional 831 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Nutrien by 46.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock valued at $69,000 after acquiring an additional 416 shares during the last quarter. KCS Wealth Advisory acquired a new position in shares of Nutrien during the 3rd quarter valued at about $75,000. Finally, Allred Capital Management LLC acquired a new position in shares of Nutrien during the 4th quarter valued at about $77,000. 63.88% of the stock is owned by hedge funds and other institutional investors.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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