Nutrien Ltd. (NYSE:NTR) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $79.90.

A number of equities analysts have issued reports on NTR shares. Mizuho cut their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Nutrien from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. Finally, Barclays dropped their price target on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th.

Nutrien Price Performance

NTR stock opened at $69.89 on Friday. 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 business has a 50-day simple moving average of $73.08 and a two-hundred day simple moving average of $70.57. The company has a market capitalization of $33.28 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.75 and a beta of 0.68. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%. The company had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the company earned $2.65 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts expect that Nutrien will post 4.63 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.1%. Nutrien’s dividend payout ratio (DPR) is 44.53%.

Hedge Funds Weigh In On Nutrien

Several hedge funds have recently modified their holdings of NTR. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 valued at $30,000 after purchasing an additional 436 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Nutrien in the 2nd quarter worth approximately $30,000. Evolution Wealth Management Inc. bought a new position in shares of Nutrien in the 1st quarter worth $32,000. Allied Private Wealth LLC bought a new position in shares of Nutrien in the 2nd quarter worth $33,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Nutrien in the 2nd quarter worth $51,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.