TD Securities Has Lowered Expectations for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price objective lowered by TD Securities from $64.00 to $63.00 in a research report report published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

NTR has been the subject of several other reports. Scotiabank lowered their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Mizuho lowered their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.44.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $48.32 on Tuesday. The business has a 50-day moving average of $47.98 and a two-hundred day moving average of $50.61. The firm has a market capitalization of $23.86 billion, a PE ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that Nutrien will post 3.82 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 7.77%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Institutional Trading of Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Nutrien by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after acquiring an additional 570,912 shares in the last quarter. Bank of Montreal Can lifted its stake in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the last quarter. Silchester International Investors LLP boosted its holdings in Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after purchasing an additional 6,642,075 shares during the period. First Eagle Investment Management LLC increased its stake in Nutrien by 0.5% during the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Nutrien by 1.9% during the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock worth $458,522,000 after purchasing an additional 167,312 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

About Nutrien

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.