Brokerages Set Nutrien Ltd. (NYSE:NTR) PT at $82.75

Nutrien Ltd. (NYSE:NTR) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $82.75.

NTR has been the topic of a number of analyst reports. Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer upped their price target on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, April 30th. Finally, TD Securities reiterated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th.

Nutrien Stock Performance

Shares of NYSE NTR opened at $71.60 on Wednesday. The business has a fifty day simple moving average of $74.55 and a 200 day simple moving average of $67.53. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $34.42 billion, a price-to-earnings ratio of 14.58 and a beta of 0.64. Nutrien has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Sell-side analysts expect that Nutrien will post 5.42 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is 44.81%.

Institutional Trading of Nutrien

Large investors have recently bought and sold shares of the stock. Montag A & Associates Inc. grew its position in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new stake in Nutrien in the first quarter valued at $32,000. Sfam LLC bought a new stake in shares of Nutrien during the fourth quarter worth $37,000. Root Financial Partners LLC bought a new stake in shares of Nutrien during the third quarter worth $37,000. Finally, Eastern Bank grew its holdings in shares of Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.