Nutrien Ltd. (NYSE:NTR) Stock Has Average Target Price of $79.24

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $79.24.

A number of brokerages have recently issued reports on NTR. Freedom Broker started coverage on shares of Nutrien in a report on Tuesday, October 27th. They issued a “hold” rating and a $78.00 price target on the stock. Mizuho reduced their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $71.00 price objective on shares of Nutrien in a research note on Monday, October 12th. Barclays decreased their target price on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, UBS Group increased their target price on shares of Nutrien from $59.00 to $62.00 and gave the stock a “sell” rating in a research note on Tuesday, October 27th.

Nutrien Trading Down 0.2%

NYSE:NTR opened at $72.18 on Wednesday. Nutrien has a 1 year low of $54.52 and a 1 year high of $85.36. The stock’s fifty day moving average price is $72.76 and its two-hundred day moving average price is $71.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.41 and a quick ratio of 0.89. The company has a market cap of $34.30 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.80 and a beta of 0.67.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.13). Nutrien had a net margin of 7.78% and a return on equity of 8.00%. The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter last year, the firm posted $0.97 earnings per share. Nutrien’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts expect that Nutrien will post 4.53 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, December 31st. Nutrien’s payout ratio is 48.03%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP raised its holdings in shares of Nutrien by 665.4% in the 2nd quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock valued at $4,274,000 after acquiring an additional 59,018 shares in the last quarter. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Nutrien during the 2nd quarter valued at about $8,363,000. Andra AP fonden boosted its position in shares of Nutrien by 419.9% during the 2nd quarter. Andra AP fonden now owns 141,395 shares of the company’s stock valued at $8,901,000 after acquiring an additional 114,200 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Nutrien during the second quarter worth about $220,942,000. Finally, Nykredit A S purchased a new position in shares of Nutrien during the second quarter worth about $8,980,000. Institutional investors own 63.10% of the company’s stock.

About Nutrien

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations. The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.