Nutrien Ltd. (NYSE:NTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.39.

Several research firms have recently weighed in on NTR. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays reaffirmed an “equal weight” rating and issued a $56.00 price target (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, TD Securities reduced their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Nutrien Trading Down 0.9 %

Shares of NTR stock opened at $52.68 on Monday. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.19 and a beta of 0.81. Nutrien has a 1 year low of $43.69 and a 1 year high of $60.87. The company’s fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $48.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, analysts anticipate that Nutrien will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.14%. Nutrien’s dividend payout ratio is currently 157.67%.

Institutional Trading of Nutrien

Institutional investors have recently modified their holdings of the company. Goodman Financial Corp boosted its holdings in shares of Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after purchasing an additional 11,058 shares during the period. CORDA Investment Management LLC. boosted its holdings in shares of Nutrien by 7.0% during the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after purchasing an additional 32,541 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after buying an additional 157,932 shares during the period. Stephens Inc. AR boosted its position in Nutrien by 335.0% during the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after acquiring an additional 54,138 shares in the last quarter. Finally, Covea Finance boosted its position in Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after acquiring an additional 10,000 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.