Nutrien Ltd. (NYSE:NTR) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Nutrien has a “Moderate Buy” consensus rating from 21 brokerages, with 17 buys, three holds and one sell. The average 12-month analyst price target is $81.58, compared with a recent share price of $73.19.
• Recent analyst views were mixed: JPMorgan raised its target to $80, while Mizuho, UBS and Morgan Stanley lowered their targets; Wall Street Zen downgraded the stock to “hold.” Institutional investors own 63.1% of Nutrien’s shares.
• Nutrien’s latest quarterly revenue rose 3.6% year over year to $10.81 billion, but earnings of $2.61 per share missed estimates by $0.09. The company declared a quarterly dividend of $0.55 per share, equivalent to a 3.0% annualized yield.

Shares of Nutrien Ltd. (NYSE:NTR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $81.5789.

Several research analysts recently weighed in on NTR shares. Wall Street Zen lowered Nutrien from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. lifted their target price on Nutrien from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, May 11th. Mizuho decreased their price target on Nutrien from $77.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. UBS Group lowered their price target on Nutrien from $67.00 to $65.00 and set a "sell" rating for the company in a report on Monday, May 11th. Finally, Morgan Stanley cut their price objective on Nutrien from $93.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th.

Institutional Investors Weigh In On Nutrien

Institutional investors and hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. increased its holdings in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company's stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company's stock valued at $30,000 after purchasing an additional 436 shares during the period. Global Retirement Partners LLC acquired a new position in Nutrien during the second quarter worth $30,000. Evolution Wealth Management Inc. acquired a new position in Nutrien during the first quarter worth $32,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Nutrien during the second quarter worth $33,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NTR stock opened at $73.19 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The company has a market capitalization of $35.01 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.70 and a beta of 0.61. The firm's 50-day moving average is $66.26 and its two-hundred day moving average is $70.38. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. Analysts predict that Nutrien will post 5.01 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently announced 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. This represents a $2.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien's dividend payout ratio (DPR) is 44.53%.

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.

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