Nutrien Ltd. (NYSE:NTR) Receives Average Rating of “Hold” from Brokerages

Nutrien Ltd. (NYSE:NTR) has earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $62.7778.

A number of analysts recently commented on NTR shares. Wells Fargo & Company restated a “cautious” rating on shares of Nutrien in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. Scotiabank dropped their price target on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th.

Nutrien Stock Performance

Shares of NTR stock opened at $56.39 on Friday. The stock has a market capitalization of $27.31 billion, a P/E ratio of 20.21, a PEG ratio of 0.93 and a beta of 0.82. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $57.85 and its 200 day moving average is $58.12. Nutrien has a 12 month low of $43.69 and a 12 month high of $65.08.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. On average, sell-side analysts anticipate that Nutrien will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 29th were paid a $0.545 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.9%. Nutrien’s dividend payout ratio is currently 78.14%.

Institutional Trading of Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Nutrien in the 3rd quarter worth approximately $37,000. Huntington National Bank lifted its stake in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Nutrien in the 2nd quarter worth $49,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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.