Analysts Set Nutrien Ltd. (NYSE:NTR) PT at $60.06

Nutrien Ltd. (NYSE:NTR - Get Free Report) has been given a consensus recommendation of "Hold" by the eighteen brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $60.06.

A number of research analysts recently issued reports on NTR shares. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Barclays lowered their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday, August 16th. Scotiabank lowered their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research note on Monday, August 12th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $58.00 to $60.00 in a research note on Tuesday. Finally, TD Securities lowered their target price on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th.

Nutrien Stock Down 1.5 %

Shares of Nutrien stock traded down $0.73 during trading hours on Wednesday, reaching $48.05. 1,466,147 shares of the company's stock were exchanged, compared to its average volume of 1,960,937. Nutrien has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The stock has a market cap of $23.73 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.68 and a beta of 0.80. The company has a 50 day moving average of $47.98 and a two-hundred day moving average of $49.57. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (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 during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company's revenue for the quarter was down 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Nutrien will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.82%. Nutrien's payout ratio is 144.97%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in Nutrien in the third quarter valued at about $2,237,000. Virtu Financial LLC purchased a new position in Nutrien in the third quarter valued at about $815,000. TD Private Client Wealth LLC boosted its stake in Nutrien by 4.1% in the third quarter. TD Private Client Wealth LLC now owns 43,610 shares of the company's stock valued at $2,098,000 after acquiring an additional 1,717 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Nutrien by 11.9% during the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company's stock valued at $202,830,000 after buying an additional 447,413 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Nutrien by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,319,603 shares of the company's stock valued at $112,454,000 after buying an additional 198,620 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nutrien

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.