Nutrien (NYSE:NTR) had its price objective hoisted by TD Securities from $57.00 to $58.00 in a report issued on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Stephens cut shares of Nutrien from an overweight rating to an equal weight rating and decreased their price objective for the stock from $68.00 to $55.00 in a report on Thursday, January 23rd. Susquehanna Bancshares decreased their price objective on shares of Nutrien from $65.00 to $61.00 in a report on Tuesday, November 19th. Cleveland Research cut shares of Nutrien from a buy rating to a neutral rating in a report on Monday. Sanford C. Bernstein cut shares of Nutrien from an outperform rating to a market perform rating and decreased their price objective for the stock from $68.00 to $53.00 in a report on Wednesday, January 15th. Finally, Bernstein Bank lowered shares of Nutrien to a market perform rating and cut their target price for the stock from $68.00 to $53.00 in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Nutrien presently has a consensus rating of Buy and an average target price of $57.53.

Shares of Nutrien stock traded down $1.31 on Monday, hitting $41.44. 1,301,342 shares of the company traded hands, compared to its average volume of 1,663,577. The company has a 50-day moving average price of $45.71 and a 200 day moving average price of $48.50. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. Nutrien has a 12-month low of $42.37 and a 12-month high of $56.00. The company has a market cap of $24.61 billion, a PE ratio of 5.92, a PEG ratio of 1.89 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Monday, December 30th. Nutrien’s dividend payout ratio is currently 66.91%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd raised its position in shares of Nutrien by 270.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 40,519 shares of the company’s stock valued at $1,941,000 after buying an additional 29,591 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Nutrien by 8.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 626,169 shares of the company’s stock valued at $29,996,000 after buying an additional 48,125 shares during the last quarter. Guardian Capital Advisors LP raised its position in shares of Nutrien by 5.9% during the fourth quarter. Guardian Capital Advisors LP now owns 204,776 shares of the company’s stock valued at $12,910,000 after buying an additional 11,344 shares during the last quarter. Sprott Inc. raised its position in shares of Nutrien by 19.9% during the fourth quarter. Sprott Inc. now owns 8,439 shares of the company’s stock valued at $404,000 after buying an additional 1,400 shares during the last quarter. Finally, Level Four Advisory Services LLC raised its position in shares of Nutrien by 9.2% during the fourth quarter. Level Four Advisory Services LLC now owns 12,331 shares of the company’s stock valued at $4,214,000 after buying an additional 1,036 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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