Nutrien Ltd. (NYSE:NTR – Get Free Report) has received an average rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.78.
Several analysts have recently commented on NTR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, August 12th. Barclays reduced their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Mizuho dropped their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets decreased their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler lowered their target price on Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th.
Institutional Investors Weigh In On Nutrien
Nutrien Stock Up 0.3 %
Nutrien stock opened at $48.41 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $23.95 billion, a PE ratio of 28.31, a PEG ratio of 1.56 and a beta of 0.83. The firm’s fifty day moving average is $49.20 and its 200 day moving average is $52.38. Nutrien has a 12-month low of $44.90 and a 12-month high of $65.69.
Nutrien (NYSE:NTR – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. Nutrien’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. As a group, sell-side analysts predict that Nutrien will post 3.74 EPS for the current fiscal year.
Nutrien Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is 126.32%.
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.
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