Nutrien (NYSE:NTR) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Nutrien (NYSE:NTR) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on NTR. Barclays increased their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Scotiabank increased their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Piper Sandler boosted their price target on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. CIBC upped their price objective on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Mizuho lifted their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

Nutrien Price Performance

Shares of NTR opened at $51.05 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $50.74 and its 200-day simple moving average is $49.13. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.19 and a beta of 0.77. Nutrien has a twelve month low of $43.70 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Equities analysts forecast that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.27%. Nutrien’s payout ratio is 159.12%.

Institutional Investors Weigh In On Nutrien

A number of institutional investors and hedge funds have recently modified their holdings of the company. Uncommon Cents Investing LLC grew its holdings in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares in the last quarter. FFT Wealth Management LLC grew its stake in Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after acquiring an additional 277 shares during the last quarter. Tidal Investments LLC increased its holdings in Nutrien by 2.9% during the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company’s stock valued at $459,000 after acquiring an additional 293 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock valued at $81,000 after acquiring an additional 348 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.