Nutrien Ltd. (NYSE:NTR) Receives Average Rating of "Hold" from Brokerages

Nutrien Ltd. (NYSE:NTR - Get Free Report) has been given an average rating of "Hold" by the seventeen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $61.94.

A number of research firms have recently weighed in on NTR. CIBC upped their price objective on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. TD Securities upped their price objective on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company upped their price objective on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Barclays upped their price objective on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th.

Institutional Investors Weigh In On Nutrien

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board raised its position in Nutrien by 0.4% during the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock valued at $2,349,000 after purchasing an additional 200 shares during the period. Blume Capital Management Inc. raised its position in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after purchasing an additional 220 shares during the period. Rhumbline Advisers raised its position in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC raised its holdings in shares of Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after buying an additional 277 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Nutrien by 2.9% in the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after buying an additional 293 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NTR opened at $60.95 on Friday. 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 business has a 50-day simple moving average of $57.69 and a two-hundred day simple moving average of $52.51. The stock has a market cap of $29.68 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 1.10 and a beta of 0.81. Nutrien has a 52 week low of $43.70 and a 52 week high of $65.08.

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

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's payout ratio is presently 203.74%.

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.

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