Nutrien Ltd. (NYSE:NTR) Receives $66.28 Average Target Price from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have been given a consensus rating of “Moderate Buy” by the twenty research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.26.

Several research firms have issued reports on NTR. Piper Sandler dropped their price objective on Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. Jefferies Financial Group started coverage on Nutrien in a research note on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Nutrien from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Mizuho increased their price objective on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Finally, Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $66.00 in a report on Monday, April 29th.

Nutrien Price Performance

NYSE:NTR opened at $49.68 on Friday. The stock has a market capitalization of $24.58 billion, a PE ratio of 29.05, a P/E/G ratio of 1.60 and a beta of 0.83. Nutrien has a 1-year low of $47.86 and a 1-year high of $69.12. The firm has a fifty day simple moving average of $54.37 and a 200 day simple moving average of $53.36. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. On average, research analysts expect that Nutrien will post 3.84 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Institutional Investors Weigh In On Nutrien

A number of large investors have recently bought and sold shares of NTR. GoalVest Advisory LLC acquired a new position in shares of Nutrien in the 1st quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its position in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after acquiring an additional 678 shares in the last quarter. Trust Co. of Vermont increased its stake in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares during the last quarter. Evolution Advisers Inc. acquired a new position in Nutrien during the fourth quarter valued at approximately $49,000. Finally, Covestor Ltd lifted its stake in Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.