Analysts Set Nutrien Ltd. (NYSE:NTR) Target Price at $63.17

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average recommendation of “Hold” by the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $63.1667.

Several brokerages have recently weighed in on NTR. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Wells Fargo & Company started coverage on shares of Nutrien in a report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. Bank of America reissued a “neutral” rating and issued a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. Finally, Scotiabank decreased their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th.

Nutrien Trading Up 0.1%

NYSE:NTR opened at $59.85 on Thursday. Nutrien has a 1 year low of $45.78 and a 1 year high of $65.08. The stock’s fifty day moving average price is $59.60 and its two-hundred day moving average price is $58.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. The company has a market cap of $28.89 billion, a P/E ratio of 16.13 and a beta of 0.72.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts expect that Nutrien will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is currently 58.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in Nutrien in the third quarter valued at approximately $37,000. Huntington National Bank raised its position in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Nutrien during the 3rd quarter worth $46,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Nutrien in the second quarter worth $49,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

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.