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

Shares of Nutrien Ltd. (NYSE:NTR) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.27.

A number of brokerages recently weighed in on NTR. UBS Group lowered their target price on shares of Nutrien from $54.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and increased their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Oppenheimer dropped their price target on Nutrien from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Barclays increased their price objective on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Finally, CIBC upped their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th.

Nutrien Trading Up 0.2 %

Shares of NTR opened at $56.85 on Friday. The business’s 50-day moving average price is $51.50 and its 200-day moving average price is $49.67. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien has a twelve month low of $43.70 and a twelve month high of $60.87. The stock has a market cap of $27.76 billion, a PE ratio of 41.50, a P/E/G ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during 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%. On average, equities analysts forecast that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.83%. Nutrien’s dividend payout ratio is 159.12%.

Hedge Funds Weigh In On Nutrien

Institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Nutrien in the 4th quarter valued at approximately $27,000. HHM Wealth Advisors LLC grew its position in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the period. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares in the last quarter. Asset Planning Inc purchased a new position in Nutrien during the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares in the last quarter. 63.10% of the stock is owned by 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.