Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $62.78

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average rating of “Hold” by the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $62.7778.

NTR has been the topic of several analyst reports. Scotiabank cut their price target on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Jefferies Financial Group cut their price target on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. Wall Street Zen lowered shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, UBS Group cut their price target on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th.

Nutrien Stock Performance

Shares of NTR stock opened at $57.54 on Friday. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.95 and a beta of 0.82. The company’s 50 day moving average is $57.85 and its 200 day moving average is $58.03. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien has a 52-week low of $43.69 and a 52-week high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period last year, the company posted $2.34 earnings per share. Nutrien’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. Nutrien’s payout ratio is 78.14%.

Institutional Investors Weigh In On Nutrien

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Nutrien by 3.4% during the second quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock valued at $1,276,328,000 after buying an additional 712,305 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after buying an additional 1,627,328 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Nutrien by 48.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after buying an additional 1,284,181 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Nutrien by 0.7% during the first quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock valued at $389,860,000 after buying an additional 54,918 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.