Brokerages Set Nutrien Ltd (NTR) Price Target at $61.50

Share on StockTwits

Shares of Nutrien Ltd (NYSE:NTR) have earned an average recommendation of “Buy” from the eighteen research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.50.

Several research analysts recently weighed in on the stock. Raymond James restated a “strong-buy” rating and set a $70.00 price target on shares of Nutrien in a research report on Monday, May 13th. Cowen restated an “outperform” rating and set a $63.00 price target (down previously from $66.00) on shares of Nutrien in a research report on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Barclays restated a “buy” rating on shares of Nutrien in a research report on Sunday, February 10th.

NTR stock opened at $48.39 on Monday. Nutrien has a 52-week low of $43.96 and a 52-week high of $58.99. The stock has a market cap of $28.64 billion, a PE ratio of 17.99, a PEG ratio of 2.06 and a beta of 0.79.

Nutrien (NYSE:NTR) last posted its earnings results on Thursday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Nutrien had a return on equity of 12.95% and a net margin of 18.41%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, research analysts predict that Nutrien will post 2.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a $0.43 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a yield of 3.55%. Nutrien’s payout ratio is 63.94%.

A number of hedge funds have recently added to or reduced their stakes in NTR. Litman Gregory Asset Management LLC acquired a new stake in Nutrien in the 4th quarter valued at about $26,000. PRW Wealth Management LLC acquired a new stake in Nutrien in the 4th quarter valued at about $30,000. Icon Wealth Partners LLC acquired a new stake in Nutrien in the 1st quarter valued at about $35,000. Proficio Capital Partners LLC raised its holdings in Nutrien by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after acquiring an additional 250 shares during the last quarter. Finally, FTB Advisors Inc. raised its holdings in Nutrien by 29.9% in the 1st quarter. FTB Advisors Inc. now owns 882 shares of the company’s stock valued at $46,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 66.51% of the company’s stock.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

See Also: What are the benefits of momentum investing?

Analyst Recommendations for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

AT&T Inc.  Receives $36.43 Consensus PT from Brokerages
AT&T Inc. Receives $36.43 Consensus PT from Brokerages
S&P Global Inc  Declares $0.57 Quarterly Dividend
S&P Global Inc Declares $0.57 Quarterly Dividend
Zacks: Analysts Anticipate Liquidity Services, Inc.  to Post -$0.07 Earnings Per Share
Zacks: Analysts Anticipate Liquidity Services, Inc. to Post -$0.07 Earnings Per Share
Brokerages Set Blue Apron Holdings Inc  PT at $25.22
Brokerages Set Blue Apron Holdings Inc PT at $25.22
Johnson Matthey PLC  Receives GBX 3,860 Consensus Target Price from Analysts
Johnson Matthey PLC Receives GBX 3,860 Consensus Target Price from Analysts
Orion Group Holdings Inc  Expected to Post Earnings of -$0.11 Per Share
Orion Group Holdings Inc Expected to Post Earnings of -$0.11 Per Share


© 2006-2019 Ticker Report