Barclays Cuts Nutrien (NYSE:NTR) Price Target to $81.00

Nutrien (NYSE:NTR) had its price objective cut by Barclays from $85.00 to $81.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the stock.

NTR has been the topic of several other research reports. Mizuho cut their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. UBS Group dropped their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Finally, Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.84.

Nutrien Price Performance

Shares of NYSE:NTR opened at $70.61 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien has a 1 year low of $53.03 and a 1 year high of $85.36. The business has a fifty day simple moving average of $66.41 and a 200 day simple moving average of $70.29. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.68 and a beta of 0.62.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, sell-side analysts predict that Nutrien will post 5.08 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Institutional Investors Weigh In On Nutrien

A number of large investors have recently added to or reduced their stakes in NTR. Montag A & Associates Inc. raised its position in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new stake in shares of Nutrien during the 1st quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after buying an additional 436 shares during the period. Allied Private Wealth LLC acquired a new position in Nutrien in the 2nd quarter valued at $33,000. Finally, Sfam LLC acquired a new position in Nutrien in the 4th quarter valued at $37,000. Institutional investors own 63.10% of the company’s stock.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.