Nutrien Ltd. (NYSE:NTR) Receives $61.44 Average Target Price from Analysts

Nutrien Ltd. (NYSE:NTR) has received an average rating of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $61.44.

A number of equities analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. CIBC raised their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Berenberg Bank raised their target price on Nutrien from $54.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, April 15th. Oppenheimer raised their target price on Nutrien from $58.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. Finally, BNP Paribas upgraded Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th.

Nutrien Price Performance

Shares of Nutrien stock opened at $59.05 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien has a twelve month low of $43.70 and a twelve month high of $60.50. The business has a 50-day moving average price of $54.14 and a 200 day moving average price of $51.05. The firm has a market cap of $28.83 billion, a PE ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts predict that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.69%. Nutrien’s dividend payout ratio (DPR) is currently 203.74%.

Institutional Investors Weigh In On Nutrien

Several institutional investors have recently modified their holdings of NTR. Vanguard Group Inc. lifted its holdings in Nutrien by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after buying an additional 1,412,503 shares during the last quarter. Dodge & Cox lifted its stake in Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock worth $560,416,000 after purchasing an additional 40,800 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after buying an additional 77,174 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after buying an additional 1,284,181 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Nutrien by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock worth $389,860,000 after buying an additional 54,918 shares during the last quarter. 63.10% of the stock is 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.