Nutrien Ltd. (NYSE:NTR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nutrien Ltd. (NYSE:NTR) has earned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $81.7059.

Several equities analysts recently weighed in on NTR shares. BNP Paribas Exane lowered shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $96.00 in a research report on Thursday, March 12th. BMO Capital Markets increased their price target on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Oppenheimer raised their price target on shares of Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. boosted its position in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new position in shares of Nutrien in the first quarter valued at approximately $32,000. Sfam LLC acquired a new stake in shares of Nutrien in the fourth quarter worth $37,000. Eastern Bank lifted its stake in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the period. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of NYSE:NTR opened at $65.63 on Friday. The firm has a market cap of $31.51 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.60 and a beta of 0.60. Nutrien has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $71.48 and a 200 day simple moving average of $69.18.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is 44.81%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.