Nutrien (NYSE:NTR) PT Lowered to $67.00 at TD Securities

Nutrien (NYSE:NTR) had its price objective reduced by TD Securities from $69.00 to $67.00 in a research note published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. Mizuho upgraded Nutrien from a strong sell rating to a hold rating in a report on Tuesday, July 16th. Berenberg Bank upgraded Nutrien from a hold rating to a buy rating and boosted their price objective for the company from $60.00 to $66.00 in a report on Monday, April 29th. Wells Fargo & Company dropped their price objective on Nutrien from $68.00 to $66.00 and set an overweight rating for the company in a report on Tuesday, July 16th. UBS Group dropped their price objective on Nutrien from $67.00 to $66.00 and set a buy rating for the company in a report on Tuesday, July 9th. Finally, Piper Sandler dropped their price objective on Nutrien from $56.00 to $55.00 and set an underweight rating for the company in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $65.39.

Nutrien Stock Performance

NYSE:NTR opened at $46.50 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. Nutrien has a 1 year low of $46.50 and a 1 year high of $69.09. The stock’s 50 day simple moving average is $52.11 and its two-hundred day simple moving average is $52.87. The company has a market cap of $23.00 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.65 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. As a group, equities analysts anticipate that Nutrien will post 3.78 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.65%. Nutrien’s payout ratio is 126.32%.

Hedge Funds Weigh In On Nutrien

A number of hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Nutrien in the 4th quarter valued at $332,716,000. Silchester International Investors LLP grew its holdings in shares of Nutrien by 211.6% during the 2nd quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock worth $205,736,000 after purchasing an additional 2,744,213 shares during the period. ARGA Investment Management LP grew its holdings in shares of Nutrien by 120.2% during the 1st quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock worth $205,421,000 after purchasing an additional 2,063,881 shares during the period. TD Asset Management Inc boosted its holdings in Nutrien by 28.6% during the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after acquiring an additional 2,050,358 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in Nutrien by 19.5% during the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after acquiring an additional 1,960,162 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

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.