Nutrien (NYSE:NTR) Given New $68.00 Price Target at Mizuho

Nutrien (NYSE:NTR) had its price target raised by Mizuho from $65.00 to $68.00 in a research note published on Friday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

NTR has been the topic of a number of other reports. Bank of America restated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a research report on Tuesday, October 14th. Scotiabank lowered their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. UBS Group upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.12.

Nutrien Stock Down 2.0%

NTR opened at $66.46 on Friday. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 17.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The firm’s 50-day simple moving average is $60.53 and its 200-day simple moving average is $58.92. Nutrien has a twelve month low of $45.78 and a twelve month high of $67.94.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.06. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. Equities research analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.18 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Institutional Investors Weigh In On Nutrien

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after buying an additional 80,135 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Nutrien by 16.5% during the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after purchasing an additional 1,043,766 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Nutrien in the 2nd quarter valued at approximately $395,842,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.