Nutrien Ltd. (NYSE:NTR) Receives $60.44 Average PT from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $60.33.

A number of research analysts have recently issued reports on NTR shares. Barclays dropped their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. BMO Capital Markets dropped their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities lowered their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Finally, Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd.

Hedge Funds Weigh In On Nutrien

A number of large investors have recently modified their holdings of NTR. Silchester International Investors LLP lifted its stake in shares of Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after purchasing an additional 6,642,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Nutrien during the third quarter valued at approximately $150,181,000. Bank of Montreal Can grew its holdings in Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after purchasing an additional 1,100,000 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Nutrien by 34.0% during the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after acquiring an additional 1,032,763 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Down 0.4 %

Shares of Nutrien stock opened at $46.19 on Friday. The firm has a market capitalization of $22.81 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $47.99 and its 200 day moving average is $50.47. Nutrien has a 1 year low of $44.65 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts forecast that Nutrien will post 3.65 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.13%. Nutrien’s dividend payout ratio is 144.97%.

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.