Nutrien Ltd. (NYSE:NTR) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Nutrien Ltd. (NYSE:NTR - Get Free Report) have received a consensus rating of "Hold" from the seventeen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $61.94.

Several research analysts recently weighed in on NTR shares. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a report on Thursday, May 22nd. UBS Group boosted their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.77 during midday trading on Friday, reaching $58.65. The company's stock had a trading volume of 1,970,216 shares, compared to its average volume of 2,183,889. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $58.00 and a 200 day moving average of $52.67. Nutrien has a twelve month low of $43.70 and a twelve month high of $65.08. The firm has a market capitalization of $28.57 billion, a PE ratio of 54.81, a P/E/G ratio of 1.14 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien'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 posted $0.46 earnings per share. On average, equities analysts expect that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is presently 203.74%.

Hedge Funds Weigh In On Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in Nutrien in the 4th quarter worth approximately $27,000. Harbour Investments Inc. increased its holdings in shares of Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after purchasing an additional 348 shares during the last quarter. Assetmark Inc. lifted its position in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Principal Securities Inc. boosted its stake in Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after buying an additional 540 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Nutrien by 117.1% in 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. 63.10% of the stock is currently owned by institutional investors and hedge funds.

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.