Analysts Set Nutrien Ltd. (NYSE:NTR) Target Price at $60.44

Nutrien Ltd. (NYSE:NTR - Get Free Report) has received a consensus rating of "Hold" from the nineteen analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $60.44.

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Scotiabank cut their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research note on Monday, August 12th. BMO Capital Markets lowered their price objective on Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. Finally, HSBC lowered Nutrien from a "hold" rating to a "reduce" rating in a research report on Friday, August 2nd.

Institutional Investors Weigh In On Nutrien

Several institutional investors have recently made changes to their positions in NTR. Central Pacific Bank Trust Division bought a new position in Nutrien in the 3rd quarter worth about $28,000. Family Firm Inc. purchased a new position in Nutrien during the second quarter valued at $32,000. Trust Co. of Vermont boosted its stake in Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% in 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 period. Finally, Andra AP fonden bought a new position in shares of Nutrien during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 1.3 %

Shares of Nutrien stock traded down $0.62 during trading on Friday, reaching $48.32. 2,325,769 shares of the company traded hands, compared to its average volume of 1,951,724. The firm has a market capitalization of $23.86 billion, a PE ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 0.82. The company has a 50 day moving average price of $47.98 and a 200-day moving average price of $50.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien has a 1-year low of $44.65 and a 1-year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company's revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.939 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.77%. Nutrien's dividend payout ratio (DPR) is 144.97%.

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.