UBS Group Cuts Nutrien (NYSE:NTR) Price Target to $58.00

Nutrien (NYSE:NTR) had its price objective lowered by UBS Group from $63.00 to $58.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Mizuho cut their target price on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. National Bank Financial initiated coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.83.

Nutrien Price Performance

Shares of NTR stock opened at $56.80 on Thursday. The stock’s fifty day simple moving average is $57.38 and its 200 day simple moving average is $58.23. Nutrien has a one year low of $43.69 and a one year high of $65.08. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Institutional Investors Weigh In On Nutrien

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Nutrien in the third quarter valued at about $37,000. Huntington National Bank boosted its stake in shares of Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 276 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien during the second quarter worth approximately $49,000. Institutional investors own 63.10% of the company’s stock.

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.