Nutrien (NYSE:NTR) PT Lowered to $66.00 at UBS Group

Nutrien (NYSE:NTR) had its price target decreased by UBS Group from $67.00 to $66.00 in a research note issued to investors on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Scotiabank reduced their price objective on shares of Nutrien from $67.00 to $66.00 and set an outperform rating for the company in a research note on Monday, May 13th. Piper Sandler reduced their price objective on shares of Nutrien from $56.00 to $55.00 and set an underweight rating for the company in a research note on Tuesday, June 11th. Jefferies Financial Group assumed coverage on shares of Nutrien in a research note on Tuesday, March 26th. They issued a buy rating and a $62.00 price objective for the company. Mizuho lifted their target price on shares of Nutrien from $54.00 to $56.00 and gave the stock an underweight rating in a research report on Friday, May 17th. Finally, Berenberg Bank upgraded shares of Nutrien from a hold rating to a buy rating and lifted their target price for the stock from $60.00 to $66.00 in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Nutrien currently has an average rating of Moderate Buy and a consensus target price of $66.26.

Nutrien Stock Up 2.9 %

NTR stock opened at $49.68 on Tuesday. Nutrien has a one year low of $47.86 and a one year high of $69.12. The stock has a market capitalization of $24.58 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The company has a fifty day moving average of $54.37 and a 200-day moving average of $53.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. As a group, analysts expect that Nutrien will post 3.84 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.35%. Nutrien’s payout ratio is 126.32%.

Institutional Investors Weigh In On Nutrien

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Nutrien by 3.1% in the first quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after purchasing an additional 570,912 shares during the period. Mackenzie Financial Corp grew its holdings in Nutrien by 1.8% in the fourth quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock valued at $751,381,000 after purchasing an additional 239,578 shares during the period. Parnassus Investments LLC grew its holdings in Nutrien by 19.5% in the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after purchasing an additional 1,960,162 shares during the period. First Eagle Investment Management LLC grew its holdings in Nutrien by 0.5% in the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares during the period. Finally, TD Asset Management Inc lifted its position in Nutrien by 28.6% during the fourth quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after buying an additional 2,050,358 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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.