Nutrien (NYSE:NTR) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Nutrien (NYSE:NTR – Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research note on Tuesday, January 27th. Bank of America restated a “neutral” rating and issued a $67.00 price target on shares of Nutrien in a research note on Tuesday, October 14th. Wells Fargo & Company assumed coverage on Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price objective for the company. Finally, Mizuho increased their price objective on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $66.31.

Get Our Latest Stock Analysis on NTR

Nutrien Price Performance

NTR stock opened at $68.68 on Friday. The stock’s 50 day moving average is $63.09 and its two-hundred day moving average is $59.60. Nutrien has a 52-week low of $45.78 and a 52-week high of $73.07. The company has a market capitalization of $33.10 billion, a PE ratio of 18.51 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Analysts predict that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Institutional Trading of Nutrien

Hedge funds and other institutional investors have recently modified their holdings of the company. Smith Moore & CO. grew its holdings in Nutrien by 2.2% during the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock worth $449,000 after acquiring an additional 168 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in Nutrien by 0.6% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock valued at $1,811,000 after acquiring an additional 185 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Nutrien by 1.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock valued at $619,000 after purchasing an additional 193 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Nutrien by 4.0% in the 3rd quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock worth $293,000 after purchasing an additional 193 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its stake in shares of Nutrien by 1.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock worth $772,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

(Get Free Report)

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.

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