UBS Group Cuts Nutrien (NYSE:NTR) Price Target to $52.00

Nutrien (NYSE:NTR) had its price target cut by UBS Group from $54.00 to $52.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

NTR has been the subject of several other research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Scotiabank increased their price target on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday, February 24th. Berenberg Bank boosted their price objective on Nutrien from $54.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, CIBC boosted their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.40.

Nutrien Price Performance

Shares of Nutrien stock opened at $52.50 on Wednesday. The stock has a 50 day moving average price of $50.86 and a 200-day moving average price of $49.26. Nutrien has a one year low of $43.70 and a one year high of $60.87. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 38.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Equities analysts expect that Nutrien will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.15%. Nutrien’s dividend payout ratio is presently 159.12%.

Institutional Investors Weigh In On Nutrien

Hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in Nutrien in the fourth quarter worth about $27,000. HHM Wealth Advisors LLC lifted its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. boosted its stake in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in Nutrien in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Company Profile

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.