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

Key Points

• Nutrien Ltd. has received a consensus rating of "Moderate Buy" from eighteen analysts, with the average one-year price target set at $62.65.
• The company reported $2.65 earnings per share for the last quarter, surpassing analysts' expectations by $0.24, and had a revenue of $10.30 billion.
• Nutrien announced a quarterly dividend of $0.545, totaling an annualized dividend of $2.18 and yielding 3.8%.

Nutrien Ltd. (NYSE:NTR - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $62.7222.

Several research analysts have recently weighed in on the company. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a research report on Friday. Morgan Stanley upped their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Jefferies Financial Group reaffirmed a "hold" rating and set a $66.00 price objective (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Bank of America upped their price objective on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th.

Nutrien Trading Up 1.6%

Shares of Nutrien stock traded up $0.93 during trading on Friday, reaching $57.36. 2,900,583 shares of the company were exchanged, compared to its average volume of 2,273,835. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien has a twelve month low of $43.69 and a twelve month high of $65.08. The business has a 50-day moving average price of $58.65 and a 200-day moving average price of $56.17. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 0.95 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is presently 78.14%.

Institutional Trading of Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after buying an additional 7,934 shares in the last quarter. Farther Finance Advisors LLC grew its position in Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after buying an additional 1,002 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Nutrien during the first quarter worth approximately $517,000. Bessemer Group Inc. grew its position in Nutrien by 163.7% during the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after buying an additional 1,049 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

About Nutrien

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.