Nutrien (NYSE:NTR) Given New $53.00 Price Target at UBS Group

Nutrien (NYSE:NTR) had its price objective increased by UBS Group from $51.00 to $53.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently commented on the stock. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Barclays reiterated an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. TD Securities dropped their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Piper Sandler raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Price Performance

Shares of NTR opened at $52.48 on Tuesday. The firm has a market capitalization of $25.77 billion, a PE ratio of 35.22, a P/E/G ratio of 1.17 and a beta of 0.81. The stock’s 50 day moving average is $47.75 and its two-hundred day moving average is $48.00. Nutrien has a twelve month low of $43.69 and a twelve month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the company earned $0.35 EPS. The company’s revenue was down 5.0% on a year-over-year basis. Research analysts anticipate that Nutrien will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.939 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.16%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is currently 144.97%.

Institutional Trading of Nutrien

Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Nutrien by 71.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 74,055 shares of the company’s stock worth $3,314,000 after acquiring an additional 30,925 shares during the period. Wilmington Savings Fund Society FSB increased its position in Nutrien by 15.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 53,540 shares of the company’s stock worth $2,396,000 after purchasing an additional 6,988 shares during the last quarter. Live Oak Private Wealth LLC purchased a new position in Nutrien during the fourth quarter worth approximately $609,000. Strategic Financial Concepts LLC purchased a new position in Nutrien during the fourth quarter worth approximately $210,000. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Nutrien by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 16,776 shares of the company’s stock valued at $751,000 after purchasing an additional 855 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

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.