Nutrien’s (NTR) Sector Perform Rating Reiterated at Scotiabank

Scotiabank reissued their sector perform rating on shares of Nutrien (NYSE:NTR) in a research report released on Wednesday morning, MarketBeat reports. Scotiabank currently has a $62.00 target price on the stock.

Other research analysts have also issued reports about the stock. CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group raised their price objective on shares of Nutrien from $53.00 to $59.00 and gave the company a “sell” rating in a research note on Friday, May 9th. Barclays raised their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, TD Securities raised their price target on shares of Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.44.

Nutrien Stock Up 0.8%

Nutrien stock opened at $57.92 on Wednesday. Nutrien has a 1-year low of $43.70 and a 1-year high of $60.87. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The firm’s fifty day moving average price is $52.62 and its two-hundred day moving average price is $50.27. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts predict that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s dividend payout ratio is 203.74%.

Institutional Trading of Nutrien

Several hedge funds have recently added to or reduced their stakes in NTR. Public Sector Pension Investment Board grew its stake in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after acquiring an additional 220 shares during the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after acquiring an additional 235 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 acquiring an additional 247 shares during the last quarter. Finally, FFT Wealth Management LLC lifted its holdings in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after acquiring an additional 277 shares during the last quarter. Institutional investors 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.