Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $67.32

Nutrien Ltd. (NYSE:NTR) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.32.

A number of analysts have issued reports on the company. Berenberg Bank raised Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $66.00 in a report on Monday, April 29th. CIBC lowered their price target on Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. The Goldman Sachs Group cut their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. TD Securities lowered their target price on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Finally, Mizuho increased their target price on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NTR. Vanguard Group Inc. increased its position in Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after purchasing an additional 570,912 shares during the period. Deutsche Bank AG raised its position in Nutrien by 1.5% in the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock worth $908,374,000 after acquiring an additional 214,299 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Nutrien by 1.8% during the 4th quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock worth $751,381,000 after purchasing an additional 239,578 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Nutrien by 19.5% during the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after purchasing an additional 1,960,162 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Nutrien by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Down 0.6 %

Shares of NYSE:NTR opened at $58.84 on Friday. Nutrien has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The firm’s 50 day moving average price is $54.82 and its 200 day moving average price is $53.89. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a market cap of $29.10 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 1.90 and a beta of 0.88.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 earnings per share. As a group, equities research analysts predict that Nutrien will post 3.9 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.