Nutrien Ltd. (NYSE:NTR) Receives $81.58 Consensus Target Price from Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $81.5789.

Several brokerages have recently commented on NTR. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. National Bank Financial dropped their target price on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Mizuho cut their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th.

Nutrien Stock Up 0.1%

Shares of NYSE NTR opened at $75.36 on Friday. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36. The firm has a market capitalization of $36.05 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.76 and a beta of 0.61. The stock has a 50 day moving average price of $66.42 and a 200 day moving average price of $70.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the business earned $2.65 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Nutrien will post 4.95 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s dividend payout ratio (DPR) is currently 44.53%.

Hedge Funds Weigh In On Nutrien

A number of large investors have recently bought and sold shares of NTR. Montag A & Associates Inc. lifted its stake in shares of 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 purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien in the first quarter valued at about $32,000. Global Retirement Partners LLC purchased a new position in Nutrien in the second quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after purchasing an additional 436 shares in the last quarter. Finally, Allied Private Wealth LLC bought a new position in Nutrien in the second quarter worth about $33,000. Institutional investors own 63.10% of the company’s stock.

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.