Nutrien Ltd. (NYSE:NTR) Receives Average Rating of “Moderate Buy” from Brokerages

Nutrien Ltd. (NYSE:NTR) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.6471.

A number of equities analysts have weighed in on the stock. Bank of America boosted their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. UBS Group dropped their price objective on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Barclays upped their price objective on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Raymond James Financial cut Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 target price for the company. in a research note on Tuesday, June 17th. Finally, Zacks Research raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 18th.

Institutional Investors Weigh In On Nutrien

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC bought a new position in Nutrien in the second quarter valued at approximately $212,000. Neuberger Berman Group LLC boosted its position in shares of Nutrien by 22.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 231,849 shares of the company’s stock worth $13,484,000 after purchasing an additional 42,142 shares during the last quarter. Marex Group plc bought a new position in shares of Nutrien in the 2nd quarter worth $2,353,000. Geneos Wealth Management Inc. grew its stake in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in Nutrien by 15.8% in the second quarter. Nikko Asset Management Americas Inc. now owns 97,957 shares of the company’s stock valued at $5,703,000 after purchasing an additional 13,364 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Nutrien stock opened at $56.97 on Friday. The business’s fifty day moving average is $58.69 and its two-hundred day moving average is $56.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a market cap of $27.69 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.96 and a beta of 0.77. Nutrien has a 52 week low of $43.69 and a 52 week high of $65.08.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 earnings per share. Equities research analysts forecast that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is 78.14%.

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.