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

Nutrien Ltd. (NYSE:NTR) has earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $81.6111.

A number of research analysts have recently weighed in on NTR shares. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $77.00 to $100.00 in a report on Friday, March 13th. Finally, Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a report on Tuesday.

Hedge Funds Weigh In On Nutrien

Several hedge funds have recently modified their holdings of NTR. Montag A & Associates Inc. grew its holdings in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in Nutrien during the first quarter worth $32,000. Sfam LLC purchased a new position in Nutrien in the fourth quarter worth $37,000. Eastern Bank boosted its position in Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after purchasing an additional 347 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.7%

NTR opened at $63.42 on Thursday. Nutrien has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The firm has a market capitalization of $30.40 billion, a PE ratio of 12.92, a P/E/G ratio of 0.58 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company’s 50-day moving average is $68.40 and its 200 day moving average is $69.59.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, research analysts predict that Nutrien will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.5%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.