Nutrien Ltd. (NYSE:NTR) Receives $62.94 Consensus Target Price from Analysts

Nutrien Ltd. (NYSE:NTR) has earned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $62.9444.

Several equities research analysts have commented on the stock. National Bankshares assumed coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price for the company. Bank of America restated a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research report on Tuesday, October 14th. Scotiabank dropped their price objective on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. National Bank Financial started coverage on Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group lowered their price target on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, September 9th.

Nutrien Trading Up 2.1%

NYSE NTR opened at $56.24 on Wednesday. Nutrien has a 12 month low of $43.69 and a 12 month high of $65.08. The stock has a 50-day simple moving average of $57.52 and a 200 day simple moving average of $58.37. 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 company has a market capitalization of $27.19 billion, a PE ratio of 20.16, a P/E/G ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Research analysts forecast that Nutrien will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s dividend payout ratio is presently 58.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTR. CIBC Bancorp USA Inc. bought a new stake in shares of Nutrien during the third quarter worth $415,000. Tweedy Browne Co LLC boosted its stake in Nutrien by 110.0% in the 3rd quarter. Tweedy Browne Co LLC now owns 14,615 shares of the company’s stock worth $858,000 after purchasing an additional 7,654 shares during the period. Captrust Financial Advisors increased its holdings in Nutrien by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 738,514 shares of the company’s stock worth $43,359,000 after purchasing an additional 12,079 shares in the last quarter. Danske Bank A S bought a new position in Nutrien during the 3rd quarter worth about $201,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Nutrien in the 3rd quarter valued at about $46,000. Institutional investors own 63.10% of the company’s stock.

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.