Nutrien Ltd. (NYSE:NTR) Receives $60.67 Average Price Target from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have received an average rating of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.67.

Several equities research analysts have weighed in on NTR shares. TD Securities lowered their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Hsbc Global Res downgraded shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their target price for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Scotiabank decreased their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Friday, September 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTR. Central Pacific Bank Trust Division purchased a new position in Nutrien in the third quarter valued at $28,000. Family Firm Inc. purchased a new position in Nutrien in the second quarter valued at $32,000. GoalVest Advisory LLC purchased a new position in Nutrien in the first quarter valued at $35,000. Trust Co. of Vermont increased its holdings in Nutrien by 50.0% in 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. Finally, Covestor Ltd grew its position in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE NTR opened at $47.68 on Tuesday. The company has a market cap of $23.55 billion, a PE ratio of 29.80, a P/E/G ratio of 1.62 and a beta of 0.82. Nutrien has a 52-week low of $44.65 and a 52-week high of $61.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The firm’s 50 day moving average price is $47.65 and its 200-day moving average price is $51.18.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm earned $2.53 earnings per share. Sell-side analysts forecast that Nutrien will post 3.75 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.53%. Nutrien’s payout ratio is 135.00%.

About Nutrien

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.