Analysts Set Nutrien Ltd. (NYSE:NTR) Target Price at $67.95

Shares of Nutrien Ltd. (NYSE:NTR - Get Free Report) have earned an average recommendation of "Hold" from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $67.95.

Several research firms have recently commented on NTR. Berenberg Bank reduced their price target on shares of Nutrien from $67.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada cut their target price on Nutrien from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. The Goldman Sachs Group cut their target price on Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Raymond James lowered Nutrien from an "outperform" rating to a "market perform" rating and cut their target price for the company from $80.00 to $65.00 in a research report on Friday, January 12th. Finally, TD Securities cut their target price on Nutrien from $75.00 to $67.00 and set a "buy" rating on the stock in a research report on Tuesday, February 20th.

Institutional Investors Weigh In On Nutrien

A number of institutional investors and hedge funds have recently made changes to their positions in NTR. Townsend & Associates Inc raised its holdings in Nutrien by 27.8% during the third quarter. Townsend & Associates Inc now owns 163,942 shares of the company's stock worth $10,125,000 after purchasing an additional 35,690 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Nutrien by 2.5% during the third quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company's stock worth $394,047,000 after purchasing an additional 154,159 shares in the last quarter. Canoe Financial LP increased its holdings in Nutrien by 64.6% in the third quarter. Canoe Financial LP now owns 75,945 shares of the company's stock valued at $4,690,000 after buying an additional 29,819 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Nutrien in the fourth quarter valued at about $3,433,000. Finally, First Eagle Investment Management LLC increased its holdings in Nutrien by 0.5% in the third quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company's stock valued at $572,062,000 after buying an additional 48,230 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of Nutrien stock traded down $0.03 on Tuesday, hitting $52.27. 1,439,120 shares of the company were exchanged, compared to its average volume of 2,013,353. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $53.03 and a 200 day moving average price of $54.22. Nutrien has a 1-year low of $47.90 and a 1-year high of $71.54.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). The firm had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm's quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 EPS. As a group, sell-side analysts predict that Nutrien will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Nutrien's previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Nutrien's dividend payout ratio is presently 85.38%.

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.