Analysts Set Nutrien Ltd. (NYSE:NTR) Target Price at $81.58

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $81.5789.

NTR has been the topic of several recent research reports. Weiss Ratings upgraded Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. National Bank Financial dropped their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Finally, Barclays lowered their price target on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, August 10th.

Nutrien Stock Down 0.6%

NYSE:NTR opened at $73.17 on Friday. The company has a market cap of $35.00 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The stock’s fifty day moving average price is $67.12 and its two-hundred day moving average price is $70.54. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last released its 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 firm had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $2.65 earnings per share. On average, analysts anticipate that Nutrien will post 4.95 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. Nutrien’s payout ratio is presently 44.53%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Montag A & Associates Inc. increased its holdings in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in Nutrien in the first quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in Nutrien during the second quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after buying an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new position in shares of Nutrien during the 2nd quarter worth about $33,000. 63.10% of the stock is currently owned by institutional investors.

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.