Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $62.61

Shares of Nutrien Ltd. (NYSE:NTR - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.78.

NTR has been the subject of a number of analyst reports. Bank of America increased their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. UBS Group raised their target price on Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a research report on Thursday, May 22nd. Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price for the company. in a research report on Tuesday, June 17th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $66.00 target price (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th.

Nutrien Trading Up 2.9%

Shares of Nutrien stock traded up $1.68 on Thursday, reaching $60.00. 2,566,839 shares of the company's stock were exchanged, compared to its average volume of 2,191,729. The company has a market capitalization of $29.22 billion, a P/E ratio of 56.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. Nutrien has a 52 week low of $43.70 and a 52 week high of $65.08. The firm's 50-day moving average is $59.77 and its two-hundred day moving average is $54.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22.

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

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.63%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Institutional Trading of Nutrien

A number of large investors have recently modified their holdings of NTR. Harbour Investments Inc. raised its holdings in shares of Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after buying an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after buying an additional 935 shares in the last quarter. GAMMA Investing LLC increased its stake in Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Nutrien in the 1st quarter worth approximately $54,000. Institutional investors own 63.10% of the company's stock.

Nutrien Company Profile

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.