Brokerages Set Nutrien Ltd. (NYSE:NTR) Target Price at $58.95

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $58.95.

NTR has been the topic of several recent research reports. Oppenheimer assumed coverage on Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, TD Securities reduced their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th.

Nutrien Trading Up 3.4 %

NYSE NTR opened at $46.83 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.73 and a beta of 0.80. The firm has a 50 day simple moving average of $46.85 and a 200-day simple moving average of $48.03. Nutrien has a one year low of $43.69 and a one year high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the business earned $0.35 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts anticipate that Nutrien will post 3.5 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.939 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 8.02%. Nutrien’s dividend payout ratio is 144.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien during the third quarter worth about $28,000. Andra AP fonden purchased a new stake in Nutrien during the 2nd quarter valued at approximately $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Nutrien during the 2nd quarter worth approximately $52,000. Rothschild Investment LLC purchased a new position in shares of Nutrien in the 2nd quarter valued at approximately $72,000. Finally, Larson Financial Group LLC grew its stake in shares of Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 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.