Nutrien (NYSE:NTR) Now Covered by Analysts at Erste Group

Erste Group began coverage on shares of Nutrien (NYSE:NTRGet Rating) in a research report report published on Thursday morning, The Fly reports. The firm issued a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Nutrien from a strong-buy rating to a hold rating and set a $80.00 price objective for the company. in a report on Tuesday, January 4th. Mizuho lifted their target price on Nutrien from $75.00 to $87.00 and gave the company a neutral rating in a report on Tuesday, February 15th. Stifel Nicolaus lifted their target price on Nutrien from $85.00 to $100.00 and gave the company a buy rating in a report on Tuesday, March 1st. JPMorgan Chase & Co. set a $95.00 target price on Nutrien in a report on Friday, March 4th. Finally, Royal Bank of Canada set a $120.00 target price on Nutrien in a report on Monday, March 7th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $97.10.

Shares of NTR opened at $112.00 on Thursday. The business has a 50-day moving average of $93.23 and a 200 day moving average of $78.21. Nutrien has a fifty-two week low of $52.28 and a fifty-two week high of $112.88. The firm has a market cap of $61.82 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.60 and a current ratio of 1.11.

Nutrien (NYSE:NTRGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.17. Nutrien had a return on equity of 15.31% and a net margin of 11.38%. The company had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 83.6% on a year-over-year basis. As a group, research analysts predict that Nutrien will post 13.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were given a dividend of $0.48 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, March 30th. Nutrien’s dividend payout ratio (DPR) is presently 34.78%.

A number of large investors have recently modified their holdings of NTR. Retirement Planning Co of New England Inc. purchased a new position in Nutrien in the 4th quarter worth $28,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Nutrien in the 4th quarter worth $31,000. Northern Oak Wealth Management Inc. raised its position in Nutrien by 57.4% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock worth $31,000 after purchasing an additional 152 shares during the period. Kings Point Capital Management purchased a new position in Nutrien in the 3rd quarter worth $32,000. Finally, Catalyst Capital Advisors LLC raised its position in Nutrien by 84.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 429 shares of the company’s stock worth $32,000 after purchasing an additional 197 shares during the period. Institutional investors own 64.94% of the company’s stock.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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