Nutrien Ltd. (NYSE:NTR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Nutrien Ltd. (NYSE:NTR - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $59.27.

A number of research analysts have recently commented on NTR shares. UBS Group decreased their price objective on shares of Nutrien from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Oppenheimer lowered their price target on Nutrien from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank raised their price objective on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research report on Monday, February 24th. CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Finally, Piper Sandler raised their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Blume Capital Management Inc. grew its stake in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock worth $1,579,000 after purchasing an additional 220 shares during the period. Uncommon Cents Investing LLC boosted its holdings in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after buying an additional 235 shares in the last quarter. Rhumbline Advisers grew its position in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC increased its stake in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after acquiring an additional 277 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 0.4 %

NYSE:NTR traded up $0.23 on Friday, hitting $56.43. 1,594,547 shares of the company's stock were exchanged, compared to its average volume of 2,115,958. The firm has a 50-day moving average price of $51.56 and a 200-day moving average price of $49.75. Nutrien has a 52 week low of $43.70 and a 52 week high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market cap of $27.55 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, analysts expect that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.86%. Nutrien's payout ratio is 159.12%.

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.