Nutrien (NYSE:NTR) Price Target Cut to $75.00 by Analysts at Mizuho

Nutrien (NYSE:NTR) had its price target decreased by Mizuho from $77.00 to $75.00 in a report released on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

NTR has been the subject of several other research reports. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group reduced their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. National Bank Financial set a $76.00 price target on shares of Nutrien and gave the stock an “outperform” rating in a research report on Monday. Oppenheimer upped their price target on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, TD Securities reiterated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.00.

Nutrien Stock Up 1.6%

Shares of NYSE:NTR opened at $68.65 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien has a 1 year low of $53.03 and a 1 year high of $85.36. The stock has a market capitalization of $32.90 billion, a P/E ratio of 13.98, a PEG ratio of 0.65 and a beta of 0.62. The stock has a 50-day simple moving average of $67.05 and a 200-day simple moving average of $69.80.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities analysts forecast that Nutrien will post 5.19 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Montag A & Associates Inc. increased its stake in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Nutrien by 1,014.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien in the 1st quarter valued at about $32,000. Allied Private Wealth LLC acquired a new stake in shares of Nutrien during the second quarter valued at about $33,000. Finally, Sfam LLC acquired a new stake in shares of Nutrien during the fourth quarter valued at about $37,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nutrien

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.