Nutrien Ltd. (NYSE:NTR - Free Report) - Stock analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for Nutrien in a research note issued on Thursday, April 23rd. Scotiabank analyst B. Isaacson now expects that the company will earn $4.74 per share for the year, up from their prior forecast of $4.47. Scotiabank has a "Sector Perform" rating and a $75.00 price objective on the stock. The consensus estimate for Nutrien's current full-year earnings is $4.78 per share.
Several other brokerages have also recently commented on NTR. Bank of America increased their target price on Nutrien from $75.00 to $81.00 and gave the stock a "neutral" rating in a report on Wednesday, March 18th. Wall Street Zen cut Nutrien from a "buy" rating to a "hold" rating in a report on Sunday, April 12th. Canadian Imperial Bank of Commerce increased their target price on Nutrien from $81.00 to $90.00 and gave the stock an "outperformer" rating in a report on Tuesday, March 17th. Zacks Research cut Nutrien from a "strong-buy" rating to a "hold" rating in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded Nutrien from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Nutrien has a consensus rating of "Hold" and an average target price of $80.06.
Check Out Our Latest Stock Analysis on Nutrien
Nutrien Price Performance
Shares of NTR stock opened at $71.52 on Monday. The stock's fifty day moving average is $74.60 and its 200-day moving average is $66.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. The stock has a market capitalization of $34.39 billion, a PE ratio of 15.35 and a beta of 0.69. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36.
Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.Nutrien's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS.
Nutrien Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from Nutrien's previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a yield of 3.1%. Nutrien's payout ratio is currently 47.21%.
Hedge Funds Weigh In On Nutrien
Several hedge funds have recently added to or reduced their stakes in NTR. Wellington Management Group LLP lifted its stake in Nutrien by 440.2% in the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company's stock valued at $1,008,713,000 after buying an additional 13,313,817 shares during the period. Norges Bank acquired a new position in Nutrien in the fourth quarter valued at about $412,635,000. Arrowstreet Capital Limited Partnership lifted its stake in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company's stock valued at $834,962,000 after buying an additional 2,276,651 shares during the period. TD Asset Management Inc lifted its stake in Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company's stock valued at $551,821,000 after buying an additional 1,559,673 shares during the period. Finally, Canoe Financial LP acquired a new position in Nutrien in the first quarter valued at about $99,603,000. Institutional investors and hedge funds own 63.10% of the company's stock.
About Nutrien
(
Get Free Report)
Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien's business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.
Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.
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