Nutrien Ltd. (NYSE:NTR) Receives $81.15 Consensus Target Price from Analysts

Shares of Nutrien Ltd. (NYSE:NTR) have been given an average rating of “Moderate Buy” by the twenty-two brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $81.15.

A number of equities research analysts have issued reports on the stock. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. National Bank Financial dropped their price target on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Oppenheimer cut their price objective on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research report on Tuesday, June 30th. Finally, BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, July 28th.

Institutional Investors Weigh In On Nutrien

A number of hedge funds have recently bought and sold shares of the stock. Evolution Wealth Management Inc. acquired a new position in shares of Nutrien during the first quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in Nutrien in the second quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after acquiring an additional 436 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in Nutrien in the second quarter valued at approximately $33,000. Finally, Harbour Investments Inc. lifted its stake in Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $78.93 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The company has a market cap of $37.67 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.83 and a beta of 0.62. The stock has a 50-day moving average of $71.72 and a two-hundred day moving average of $71.27. Nutrien has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. As a group, analysts anticipate that Nutrien will post 4.66 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 2.8%. Nutrien’s dividend payout ratio is 44.53%.

About Nutrien

Nutrien Ltd. (NYSE:NTR) is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.