Nutrien Ltd. (NTR) – What Are Investment Firms Thinking About This Stock?

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $79.24.

A number of research analysts have recently commented on NTR shares. UBS Group increased their price target on Nutrien from $59.00 to $62.00 and gave the company a “sell” rating in a research note on Tuesday, October 27th. Weiss Ratings lowered Nutrien from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. Oppenheimer reduced their price objective on Nutrien from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Finally, Barclays dropped their target price on Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, August 10th.

Nutrien Price Performance

NTR stock opened at $71.36 on Wednesday. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 0.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.41 and a quick ratio of 0.89. The company has a 50 day simple moving average of $72.85 and a 200 day simple moving average of $71.11. Nutrien has a 1 year low of $54.52 and a 1 year high of $85.36.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 4th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). The company had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.66 billion. Nutrien had a net margin of 7.78% and a return on equity of 8.00%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. Research analysts anticipate that Nutrien will post 4.53 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, December 31st. Nutrien’s payout ratio is 48.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Nutrien by 8.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 733,578 shares of the company’s stock worth $51,609,000 after purchasing an additional 56,166 shares during the last quarter. King Luther Capital Management Corp bought a new position in Nutrien during the third quarter valued at $206,000. Ritholtz Wealth Management grew its holdings in Nutrien by 8.3% during the third quarter. Ritholtz Wealth Management now owns 7,106 shares of the company’s stock valued at $499,000 after purchasing an additional 547 shares during the period. Jacobi Capital Management LLC purchased a new stake in Nutrien in the third quarter worth $46,000. Finally, Lido Advisors LLC increased its position in Nutrien by 4.5% in the third quarter. Lido Advisors LLC now owns 65,230 shares of the company’s stock worth $4,582,000 after buying an additional 2,784 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

About Nutrien

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations.

The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.

Nutrien’s retail business operates primarily in North America, with additional operations in South America and Australia.