Nutrien (NYSE:NTR) Price Target Raised to $63.00

Nutrien (NYSE:NTR) had its price objective upped by UBS Group from $62.00 to $63.00 in a report issued on Thursday morning,Benzinga reports. They currently have a sell rating on the stock.

NTR has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on Nutrien from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $71.00 price objective on shares of Nutrien in a report on Monday, October 12th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Oppenheimer reduced their target price on shares of Nutrien from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd. Finally, BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, July 28th. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.19.

Nutrien Stock Up 0.1%

NTR traded up $0.10 during midday trading on Thursday, reaching $71.32. 845,636 shares of the company were exchanged, compared to its average volume of 2,262,215. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.79 and a beta of 0.67. Nutrien has a one year low of $54.52 and a one year high of $85.36. The company’s fifty day moving average price is $72.27 and its 200 day moving average price is $71.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 1.41.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.66 billion. Nutrien had a net margin of 7.78% and a return on equity of 8.00%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. As a group, analysts expect that Nutrien will post 4.53 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, December 31st. Nutrien’s payout ratio is 48.03%.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of the company. Integrity Alliance LLC. raised its holdings in shares of Nutrien by 2.0% during the third quarter. Integrity Alliance LLC. now owns 8,292 shares of the company’s stock worth $584,000 after purchasing an additional 159 shares during the last quarter. Gould Asset Management LLC CA lifted its position in Nutrien by 4.4% during the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after purchasing an additional 165 shares during the period. Provenance Wealth Advisors LLC lifted its position in Nutrien by 39.6% during the third quarter. Provenance Wealth Advisors LLC now owns 747 shares of the company’s stock valued at $52,000 after purchasing an additional 212 shares during the period. Somerset Trust Co boosted its holdings in Nutrien by 2.2% in the second quarter. Somerset Trust Co now owns 10,065 shares of the company’s stock valued at $634,000 after purchasing an additional 213 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its holdings in Nutrien by 4.0% in the first quarter. Parvin Asset Management LLC now owns 6,505 shares of the company’s stock valued at $491,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

About Nutrien

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations. The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.