Nutrien (NYSE:NTR) Reaches New 1-Year High - Still a Buy?

Nutrien Ltd. (NYSE:NTR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $62.10 and last traded at $61.58, with a volume of 307022 shares changing hands. The stock had previously closed at $60.44.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their target price 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. TD Securities raised their price objective on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Berenberg Bank boosted their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. UBS Group raised their price target on Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, BNP Paribas raised Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.44.

Nutrien Price Performance

The company has a market cap of $30.64 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 1.19 and a beta of 0.81. The company's 50 day moving average price is $56.35 and its 200 day moving average price is $52.04. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the business earned $0.46 EPS. Nutrien's revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm 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 $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.47%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTR. Public Sector Pension Investment Board increased its position in Nutrien by 0.4% during the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after purchasing an additional 200 shares in the last quarter. Blume Capital Management Inc. lifted 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 buying an additional 220 shares in the last quarter. Rhumbline Advisers grew its stake in Nutrien by 3.5% during the fourth 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 grew its stake in Nutrien by 0.9% during 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 increased its position 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 acquiring an additional 293 shares in the last quarter. Hedge funds and other 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.