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.
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.
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.
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