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

Nutrien Ltd. (NYSE:NTR - Get Free Report) reached a new 52-week high during 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Scotiabank downgraded shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a report on Thursday, May 22nd. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Royal Bank of Canada increased their price target on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, Berenberg Bank increased their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.44.

Nutrien Price Performance

The stock has a market capitalization of $30.66 billion, a PE ratio of 45.89, a P/E/G ratio of 1.19 and a beta of 0.81. The firm's 50 day simple moving average is $56.03 and its 200 day simple moving average is $51.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company's revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is 203.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Nutrien in the fourth quarter worth approximately $27,000. Assetmark Inc. grew its holdings in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter worth approximately $35,000. Harbour Investments Inc. grew 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 worth $35,000 after purchasing an additional 348 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

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.