Nutrien (NYSE:NTR) Price Target Raised to $80.00 at Barclays

Nutrien (NYSE:NTR) had its price target hoisted by Barclays from $70.00 to $80.00 in a research report released on Tuesday, Marketbeat Ratings reports. Barclays currently has an equal weight rating on the stock.

NTR has been the topic of a number of other reports. UBS Group increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Jefferies Financial Group upped their target price on Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Scotiabank lifted their price target on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Mizuho boosted their price target on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Oppenheimer upped their price objective on Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.82.

Nutrien Price Performance

Shares of NTR stock opened at $74.39 on Tuesday. Nutrien has a twelve month low of $45.78 and a twelve month high of $78.00. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $67.79 and a two-hundred day simple moving average of $61.54. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be paid a $0.55 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Institutional Trading of Nutrien

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares during the period. NewEdge Advisors LLC raised its position in Nutrien by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after buying an additional 404 shares during the last quarter. Focus Partners Wealth acquired a new stake in Nutrien during the 1st quarter valued at approximately $516,000. Acadian Asset Management LLC acquired a new stake in Nutrien during the 1st quarter valued at approximately $54,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Nutrien by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 253,960 shares of the company’s stock valued at $14,786,000 after acquiring an additional 31,233 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

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.