Nutrien Ltd. (NYSE:NTR) Given Average Recommendation of "Moderate Buy" by Brokerages

Nutrien Ltd. (NYSE:NTR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.00.

NTR has been the subject of several research reports. Barclays increased their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday. Scotiabank boosted their price objective on Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Monday, February 24th. Wells Fargo & Company increased their target price on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, February 21st. Finally, CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NTR. Radnor Capital Management LLC purchased a new position in Nutrien during the first quarter worth about $217,000. NBC Securities Inc. bought a new stake in shares of Nutrien during the 1st quarter valued at about $161,000. Pacifica Partners Inc. grew its holdings in shares of Nutrien by 47.0% during the first quarter. Pacifica Partners Inc. now owns 34,163 shares of the company's stock worth $1,732,000 after purchasing an additional 10,920 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Nutrien by 52.8% in the first quarter. Moody National Bank Trust Division now owns 20,925 shares of the company's stock valued at $1,039,000 after purchasing an additional 7,227 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

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Nutrien Stock Up 5.7 %

Nutrien stock traded up $2.73 during midday trading on Tuesday, hitting $51.05. 2,557,390 shares of the stock were exchanged, compared to its average volume of 2,069,438. 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 capitalization of $24.96 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Nutrien has a 52-week low of $43.70 and a 52-week high of $60.87. The business's 50-day moving average price is $50.74 and its 200-day moving average price is $49.13.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results 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 business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, research analysts expect that Nutrien will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.27%. The ex-dividend date was Monday, March 31st. Nutrien's payout ratio is 159.12%.

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.