Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $62.39

Nutrien Ltd. (NYSE:NTR) has received a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.3889.

NTR has been the subject of a number of recent analyst reports. Oppenheimer lifted their target price on Nutrien from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. Morgan Stanley lifted their target price on Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Barclays lifted their target price on Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Finally, Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th.

Nutrien Trading Up 5.3%

Shares of NTR opened at $59.66 on Tuesday. The business has a 50-day moving average of $57.64 and a 200 day moving average of $56.91. Nutrien has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The firm has a market cap of $28.95 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the firm posted $2.34 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts forecast that Nutrien will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is 78.14%.

Institutional Trading of Nutrien

A number of large investors have recently modified their holdings of NTR. Norges Bank bought a new stake in shares of Nutrien during the 2nd quarter valued at about $395,842,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Nutrien by 48.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after acquiring an additional 3,900,755 shares during the last quarter. Boston Partners bought a new stake in shares of Nutrien during the 2nd quarter valued at about $150,416,000. JPMorgan Chase & Co. boosted its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after acquiring an additional 2,291,518 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Nutrien by 14.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after acquiring an additional 1,627,328 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

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.