Nutrien Ltd. (NYSE:NTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Nutrien Ltd. (NYSE:NTR) 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

Institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in shares of Nutrien by 21.9% during the second quarter. Clearbridge Investments LLC now owns 882,591 shares of the company’s stock valued at $44,937,000 after acquiring an additional 158,324 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Nutrien by 2.8% during the 2nd quarter. Pathway Financial Advisers LLC now owns 27,804 shares of the company’s stock valued at $1,413,000 after purchasing an additional 758 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Nutrien by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,825 shares of the company’s stock valued at $1,162,000 after purchasing an additional 1,000 shares during the last quarter. Creative Planning lifted its holdings in Nutrien by 1.3% in the 2nd quarter. Creative Planning now owns 36,051 shares of the company’s stock worth $1,835,000 after buying an additional 451 shares during the period. Finally, Scientech Research LLC bought a new stake in shares of Nutrien in the 2nd quarter worth approximately $420,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

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) 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.