Nutrien Ltd. (NYSE:NTR - Get Free Report) traded down 5.3% during trading on Tuesday . The company traded as low as $49.78 and last traded at $49.72. 2,433,227 shares were traded during trading, an increase of 3% from the average session volume of 2,371,484 shares. The stock had previously closed at $52.53.
Analyst Ratings Changes
Several equities research analysts recently weighed in on NTR shares. Royal Bank of Canada restated an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Barclays raised their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Scotiabank lifted their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Finally, Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and upped their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.00.
Read Our Latest Stock Report on NTR
Nutrien Price Performance
The company has a fifty day moving average price of $51.59 and a two-hundred day moving average price of $48.99. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.
Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate 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 anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.
Nutrien Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's payout ratio is 159.12%.
Hedge Funds Weigh In On Nutrien
Hedge funds have recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in Nutrien in the fourth quarter valued at $27,000. HHM Wealth Advisors LLC grew its holdings in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. increased its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.
Nutrien Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Nutrien, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutrien wasn't on the list.
While Nutrien currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
