Shares of Nutrien Ltd. (NYSE:NTR - Get Free Report) have received a consensus rating of "Hold" from the eighteen ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.95.
NTR has been the topic of several recent analyst reports. TD Securities dropped their target price on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Oppenheimer began coverage on Nutrien in a research report on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price objective on the stock. Wells Fargo & Company downgraded shares of Nutrien from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, CIBC reissued an "outperformer" rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th.
Read Our Latest Analysis on NTR
Institutional Trading of Nutrien
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goodman Financial Corp increased its stake in Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company's stock valued at $12,201,000 after acquiring an additional 11,058 shares during the last quarter. CORDA Investment Management LLC. boosted its holdings in shares of Nutrien by 7.0% in the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company's stock worth $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company's stock valued at $83,812,000 after buying an additional 157,932 shares in the last quarter. Cardinal Capital Management Inc. lifted its position in Nutrien by 4.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company's stock worth $27,139,000 after buying an additional 23,117 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company's stock worth $3,379,000 after buying an additional 54,138 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.
Nutrien Stock Down 0.2 %
Shares of NYSE:NTR traded down $0.11 during mid-day trading on Friday, hitting $44.31. 1,263,944 shares of the company traded hands, compared to its average volume of 1,953,542. The stock has a 50-day moving average price of $47.11 and a two-hundred day moving average price of $48.19. Nutrien has a 12-month low of $43.75 and a 12-month high of $60.87. The stock has a market cap of $21.82 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.73 and a beta of 0.80. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.
Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that Nutrien will post 3.5 earnings per share for the current year.
Nutrien Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.939 dividend. This represents a $3.76 annualized dividend and a dividend yield of 8.48%. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien's dividend payout ratio is 144.97%.
About Nutrien
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Get Free ReportNutrien 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.
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