Raymond James reiterated their strong-buy rating on shares of Nutrien (NYSE:NTR) in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has a $70.00 price objective on the stock. Raymond James also issued estimates for Nutrien’s Q2 2019 earnings at $1.66 EPS, Q3 2019 earnings at $0.56 EPS, FY2019 earnings at $2.88 EPS and FY2020 earnings at $3.76 EPS.
Several other equities analysts have also recently weighed in on NTR. Barclays reiterated a buy rating on shares of Nutrien in a research note on Sunday, February 10th. Cowen reiterated an outperform rating and issued a $66.00 price objective (down previously from $70.00) on shares of Nutrien in a research note on Wednesday, March 6th. Finally, Zacks Investment Research raised shares of Nutrien from a strong sell rating to a hold rating in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $61.50.
NTR opened at $50.41 on Monday. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 2.09 and a beta of 0.79. Nutrien has a 52-week low of $43.96 and a 52-week high of $58.99.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). Nutrien had a return on equity of 12.95% and a net margin of 18.41%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company earned $0.16 EPS. Nutrien’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts forecast that Nutrien will post 2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, June 27th. Nutrien’s dividend payout ratio is 63.94%.
A number of institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. grew its holdings in Nutrien by 29.9% during the 1st quarter. FTB Advisors Inc. now owns 882 shares of the company’s stock valued at $46,000 after buying an additional 203 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in Nutrien by 2.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $424,000 after buying an additional 217 shares in the last quarter. Point View Wealth Management Inc. grew its holdings in Nutrien by 0.9% during the 4th quarter. Point View Wealth Management Inc. now owns 26,189 shares of the company’s stock valued at $1,231,000 after buying an additional 245 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Nutrien by 38.3% during the 4th quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after buying an additional 250 shares in the last quarter. Finally, Creative Planning grew its holdings in Nutrien by 1.3% during the 1st quarter. Creative Planning now owns 19,833 shares of the company’s stock valued at $1,046,000 after buying an additional 260 shares in the last quarter. 68.87% of the stock is owned by institutional investors.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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