Nutrien (NYSE:NTR) Lowered to Moderate Sell at Hsbc Global Res

Hsbc Global Res lowered shares of Nutrien (NYSE:NTR) from a hold rating to a moderate sell rating in a research report released on Friday, Zacks.com reports.

NTR has been the subject of a number of other research reports. Berenberg Bank upgraded Nutrien from a hold rating to a buy rating and raised their price target for the company from $60.00 to $66.00 in a research report on Monday, April 29th. HSBC cut shares of Nutrien from a hold rating to a reduce rating in a research note on Friday. TD Securities reduced their target price on Nutrien from $69.00 to $67.00 and set a buy rating on the stock in a research note on Thursday, August 1st. Scotiabank cut their price target on Nutrien from $67.00 to $66.00 and set an outperform rating for the company in a report on Monday, May 13th. Finally, Royal Bank of Canada dropped their price objective on Nutrien from $70.00 to $60.00 and set an outperform rating for the company in a research report on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of Moderate Buy and an average target price of $65.39.

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.06 during midday trading on Friday, hitting $47.18. The stock had a trading volume of 7,408,787 shares, compared to its average volume of 1,908,073. Nutrien has a 1 year low of $45.90 and a 1 year high of $69.09. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $51.88 and a two-hundred day moving average price of $52.85. The company has a market capitalization of $23.34 billion, a PE ratio of 27.36, a P/E/G ratio of 1.65 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. As a group, equities analysts predict that Nutrien will post 3.78 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 4.58%. Nutrien’s dividend payout ratio is presently 126.32%.

Hedge Funds Weigh In On Nutrien

A number of hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in shares of Nutrien during the second quarter worth approximately $32,000. GoalVest Advisory LLC bought a new stake in shares of Nutrien in the 1st quarter worth $35,000. Trust Co. of Vermont boosted its stake in Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares in the last quarter. Evolution Advisers Inc. acquired a new position in Nutrien during the fourth quarter worth about $49,000. Finally, Covestor Ltd raised its position in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds 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.