Nutrien (NYSE:NTR) Price Target Cut to $81.00 by Analysts at Barclays

Nutrien (NYSE:NTR) had its price objective trimmed by Barclays from $85.00 to $81.00 in a report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on NTR. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, June 30th. Royal Bank Of Canada boosted their price objective on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Scotia 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 research report on Tuesday, June 30th. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Finally, UBS Group cut their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Fifteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.94.

Nutrien Stock Down 0.9%

Nutrien stock opened at $67.46 on Monday. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The stock has a fifty day simple moving average of $66.44 and a two-hundred day simple moving average of $70.14. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market cap of $32.27 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.67 and a beta of 0.62.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Nutrien will post 5.08 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Nutrien’s dividend payout ratio is presently 44.81%.

Hedge Funds Weigh In On Nutrien

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after buying an additional 13,313,817 shares during the period. Norges Bank purchased a new position in shares of Nutrien during the 4th quarter worth $412,635,000. TD Asset Management Inc boosted its stake in shares of Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after acquiring an additional 1,559,673 shares during the last quarter. DJE Kapital AG grew its position in shares of Nutrien by 1,373.6% during the 1st quarter. DJE Kapital AG now owns 1,534,869 shares of the company’s stock valued at $116,111,000 after acquiring an additional 1,430,708 shares during the period. Finally, Canoe Financial LP bought a new stake in shares of Nutrien during the 1st quarter valued at $99,603,000. 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.