Analysts Set Nutrien Ltd. (NYSE:NTR) Target Price at $81.89

Shares of Nutrien Ltd. (NYSE:NTR) have been given a consensus rating of “Moderate Buy” by the twenty-one brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $81.8421.

NTR has been the topic of several recent research reports. UBS Group reduced their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada upped their target price on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th.

Nutrien Stock Performance

Nutrien stock opened at $68.98 on Monday. Nutrien has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a market cap of $33.00 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.62. The firm’s fifty day moving average price is $66.39 and its 200-day moving average price is $70.43.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts expect that Nutrien will post 5.01 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Hedge Funds Weigh In On Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Nutrien by 440.2% in the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after buying an additional 70,068 shares during the period. Deutsche Bank AG increased its stake in shares of Nutrien by 2.0% in the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after buying an additional 189,683 shares during the period. Finally, TD Asset Management Inc raised its holdings in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

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.