Mizuho Cuts Nutrien (NYSE:NTR) Price Target to $75.00

Nutrien (NYSE:NTR) had its target price lowered by Mizuho from $77.00 to $75.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the stock. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, April 30th. Morgan Stanley lowered their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. UBS Group dropped their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada raised their target price on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Nutrien Trading Down 1.8%

NTR opened at $67.11 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36. The stock has a market cap of $32.10 billion, a PE ratio of 13.67, a PEG ratio of 0.67 and a beta of 0.62. The business has a 50 day moving average of $66.92 and a 200-day moving average of $69.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts predict that Nutrien will post 5.11 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Nutrien’s payout ratio is presently 44.81%.

Institutional Trading of Nutrien

Institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. raised its holdings in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after buying an additional 436 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien during the first quarter valued at approximately $32,000. Allied Private Wealth LLC purchased a new stake in shares of Nutrien during the second quarter valued at approximately $33,000. Finally, Sfam LLC purchased a new stake in shares of Nutrien during the fourth quarter valued at approximately $37,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

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.