Nutrien Ltd. (NYSE:NTR) Receives $82.75 Consensus Target Price from Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $82.75.

NTR has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Barclays raised their price objective on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Weiss Ratings lowered Nutrien from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, April 30th. Finally, Morgan Stanley raised their price objective on Nutrien from $77.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th.

Nutrien Stock Down 0.1%

Shares of NTR opened at $71.54 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The stock’s 50 day moving average is $74.40 and its two-hundred day moving average is $67.74. The firm has a market cap of $34.39 billion, a P/E ratio of 14.57 and a beta of 0.64.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company earned $0.11 earnings per share. Nutrien’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts predict that Nutrien will post 5.42 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. Nutrien’s payout ratio is currently 44.81%.

Institutional Trading of Nutrien

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after acquiring an additional 479,834 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Nutrien by 440.2% in the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after acquiring an additional 13,313,817 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after acquiring an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after acquiring an additional 70,068 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Nutrien by 2.0% in the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after acquiring an additional 189,683 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

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.