Analysts Set Nutrien Ltd. (NYSE:NTR) Price Target at $59.27

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $59.27.

Several equities research analysts have recently commented on the company. Berenberg Bank upped their target price on Nutrien from $54.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $50.00 in a research note on Monday, January 13th. CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Oppenheimer cut their price target on shares of Nutrien from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Mizuho raised their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th.

Nutrien Stock Down 1.1 %

NYSE NTR opened at $56.20 on Friday. Nutrien has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a market capitalization of $27.44 billion, a P/E ratio of 41.02, a PEG ratio of 1.19 and a beta of 0.79. The company’s 50 day simple moving average is $51.56 and its 200 day simple moving average is $49.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities research analysts expect that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.88%. Nutrien’s dividend payout ratio is 159.12%.

Institutional Trading of Nutrien

Institutional investors have recently bought and sold shares of the company. Uncommon Cents Investing LLC raised its stake in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers raised its position in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after acquiring an additional 247 shares in the last quarter. FFT Wealth Management LLC lifted its stake in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after acquiring an additional 277 shares during the last quarter. Tidal Investments LLC grew its position in Nutrien by 2.9% in the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company’s stock worth $459,000 after acquiring an additional 293 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.