Nutrien (NYSE:NTR - Free Report) had its price target lifted by Wells Fargo & Company from $59.00 to $62.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.
Other analysts have also recently issued reports about the stock. Oppenheimer upped their target price on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a research report on Thursday, May 22nd. Barclays upped their target price on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. UBS Group upped their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Bank of America increased their price objective on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.78.
Check Out Our Latest Report on Nutrien
Nutrien Stock Up 2.9%
Shares of Nutrien stock traded up $1.68 on Thursday, hitting $60.00. The company had a trading volume of 2,566,839 shares, compared to its average volume of 2,191,729. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of 56.08, a P/E/G ratio of 1.11 and a beta of 0.80. The stock has a 50 day moving average of $59.77 and a 200-day moving average of $54.49. Nutrien has a 1 year low of $43.70 and a 1 year high of $65.08.
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 analysts' consensus estimates of $0.35 by ($0.24). The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien's revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, sell-side analysts forecast that Nutrien will post 3.72 earnings per share for the current year.
Nutrien Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a $0.545 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.63%. Nutrien's payout ratio is 203.74%.
Hedge Funds Weigh In On Nutrien
Several large investors have recently made changes to their positions in NTR. Public Sector Pension Investment Board increased its position in shares of Nutrien by 0.4% in the 1st 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 last quarter. Blume Capital Management Inc. increased its position in shares of Nutrien by 0.7% in the 1st 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 last quarter. Weatherly Asset Management L. P. increased its position in shares of Nutrien by 0.7% in the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after purchasing an additional 266 shares during the last quarter. Tidal Investments LLC increased its position in shares of Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after purchasing an additional 293 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Nutrien by 5.9% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after purchasing an additional 309 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
About Nutrien
(
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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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