Nutrien (NYSE:NTR) Stock Price Expected to Rise, Barclays Analyst Says

Nutrien (NYSE:NTR - Free Report) had its price objective raised by Barclays from $61.00 to $64.00 in a report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

NTR has been the topic of a number of other reports. Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a research note on Thursday, May 22nd. Morgan Stanley raised their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Wells Fargo & Company raised their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus target price of $62.29.

Nutrien Price Performance

Shares of Nutrien stock traded up $0.61 during midday trading on Monday, reaching $60.75. The company had a trading volume of 1,438,682 shares, compared to its average volume of 2,198,031. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $29.59 billion, a price-to-earnings ratio of 56.78, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The stock has a fifty day simple moving average of $58.95 and a 200 day simple moving average of $53.38. Nutrien has a 1-year low of $43.70 and a 1-year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. As a group, equities research analysts forecast that Nutrien will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.59%. Nutrien's dividend payout ratio is currently 203.74%.

Institutional Investors Weigh In On Nutrien

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in Nutrien by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after buying an additional 144,025 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after buying an additional 7,934 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Nutrien by 27.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after buying an additional 1,002 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Nutrien in the 4th quarter valued at $556,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Nutrien in the 1st quarter valued at $517,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

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.