Nutrien (NYSE:NTR) Given New $54.00 Price Target at UBS Group

Nutrien (NYSE:NTR) had its price objective increased by UBS Group from $53.00 to $54.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on NTR. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Oppenheimer initiated coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target for the company. Piper Sandler increased their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. TD Securities reduced their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Scotiabank increased their target price on shares of Nutrien from $59.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.22.

Nutrien Stock Up 1.3 %

Shares of NYSE:NTR opened at $53.12 on Thursday. Nutrien has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The firm’s 50 day moving average price is $49.32 and its 200 day moving average price is $48.20. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities research analysts predict that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is currently 157.67%.

Institutional Investors Weigh In On Nutrien

Hedge funds have recently modified their holdings of the stock. Uncommon Cents Investing LLC raised its stake in Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after buying an additional 247 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after buying an additional 263 shares during the last quarter. FFT Wealth Management LLC lifted its stake in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after buying an additional 277 shares during the period. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Nutrien by 4.2% during the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock valued at $344,000 after buying an additional 288 shares during the period. 63.10% of the stock is 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.