Nutrien Ltd. (NYSE:NTR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Nutrien Ltd. (NYSE:NTR) has been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $81.15.

A number of research analysts recently issued reports on the company. Oppenheimer reduced their price target on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a report on Wednesday, June 10th. National Bank Financial cut their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Weiss Ratings raised Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Finally, KeyCorp began coverage on Nutrien in a report on Thursday, September 10th. They set a “sector weight” rating and a $73.00 target price for the company.

Nutrien Trading Down 3.5%

Shares of NTR opened at $74.43 on Tuesday. The stock has a market capitalization of $35.44 billion, a P/E ratio of 15.07, a PEG ratio of 0.83 and a beta of 0.62. Nutrien has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $71.28.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS. On average, research analysts anticipate that Nutrien will post 4.66 EPS for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s payout ratio is presently 44.53%.

Institutional Investors Weigh In On Nutrien

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP purchased a new position in shares of Nutrien during the second quarter valued at about $654,081,000. Deutsche Bank AG lifted its holdings in Nutrien by 2.0% in the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after buying an additional 189,683 shares during the period. TD Asset Management Inc boosted its position in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after acquiring an additional 1,559,673 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nutrien by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company’s stock valued at $443,151,000 after acquiring an additional 239,946 shares in the last quarter. Finally, Norges Bank bought a new stake in Nutrien during the 4th quarter valued at approximately $412,635,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Company Profile

Nutrien Ltd. (NYSE:NTR) is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.