Nutrien Ltd. (NYSE:NTR) Stock Has Average Price Target of $81.15

Key Points

• Nutrien has a “Moderate Buy” consensus rating from 22 analysts, with 17 buys, four holds and one sell. The average 12-month price target is $81.15, above the stock’s reported $67.51 opening price.
• Institutional investors own 63.1% of Nutrien, with several firms increasing their positions during the third quarter.
• Nutrien’s latest quarterly revenue rose 3.6% year over year to $10.81 billion but earnings per share of $2.61 missed estimates. The company also declared a $0.55 quarterly dividend, equivalent to a 3.3% annualized yield.

Nutrien Ltd. (NYSE:NTR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $81.15.

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Nutrien from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. Scotiabank raised Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price objective for the company in a research note on Tuesday, June 30th. National Bank Financial dropped their target price on Nutrien from $76.00 to $74.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Mizuho cut their target price on Nutrien from $77.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Finally, Barclays decreased their price target on Nutrien from $81.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, August 10th.

Institutional Trading of Nutrien

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Nutrien by 67.6% during the third quarter. Farther Finance Advisors LLC now owns 3,963 shares of the company's stock valued at $278,000 after purchasing an additional 1,599 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Nutrien by 12.5% during the third quarter. Artemis Investment Management LLP now owns 368,211 shares of the company's stock worth $25,867,000 after purchasing an additional 41,000 shares during the last quarter. Moody National Bank Trust Division grew its position in Nutrien by 11.2% in the 3rd quarter. Moody National Bank Trust Division now owns 23,889 shares of the company's stock worth $1,678,000 after purchasing an additional 2,407 shares in the last quarter. Miller Global Investments LLC bought a new stake in Nutrien in the 3rd quarter worth about $71,000. Finally, Versant Capital Management Inc grew its position in Nutrien by 28.4% in the 3rd quarter. Versant Capital Management Inc now owns 4,122 shares of the company's stock worth $290,000 after purchasing an additional 911 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

Shares of NTR stock opened at $67.51 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $72.93 and a two-hundred day simple moving average of $70.72. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The firm has a market capitalization of $32.15 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.75 and a beta of 0.68.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). The business had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $2.65 earnings per share. Analysts forecast that Nutrien will post 4.66 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien's dividend payout ratio (DPR) is 44.53%.

Nutrien Company Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.

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