Nutrien Ltd. (NYSE:NTR) Stock Has Average Price Target of $79.24

by · The Cerbat Gem

Shares of Nutrien Ltd. (NYSE:NTR – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $79.24.

A number of research firms have issued reports on NTR. Weiss Ratings lowered Nutrien from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. UBS Group raised their price objective on shares of Nutrien from $59.00 to $62.00 and gave the stock a “sell” rating in a report on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Nutrien in a research note on Friday, September 18th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Finally, National Bank Financial reduced their price target on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th.

Get Our Latest Report on Nutrien

Nutrien Stock Performance

NYSE NTR opened at $71.36 on Wednesday. The stock has a fifty day simple moving average of $72.85 and a 200-day simple moving average of $71.11. The stock has a market cap of $33.92 billion, a PE ratio of 15.58, a P/E/G ratio of 0.78 and a beta of 0.67. Nutrien has a twelve month low of $54.52 and a twelve month high of $85.36. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.13). The firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.66 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities analysts anticipate that Nutrien will post 4.53 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. Nutrien’s dividend payout ratio (DPR) is 48.03%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in Nutrien during the 2nd quarter valued at about $654,081,000. Deutsche Bank AG acquired a new stake in Nutrien during the second quarter worth about $588,720,000. TD Waterhouse Canada Inc. grew its position in shares of Nutrien by 10.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,096,905 shares of the company’s stock worth $424,331,000 after buying an additional 578,470 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Nutrien during the second quarter worth about $375,178,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Nutrien by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company’s stock worth $443,151,000 after purchasing an additional 239,946 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

About Nutrien

(Get Free Report)

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations.

The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.

Nutrien’s retail business operates primarily in North America, with additional operations in South America and Australia.

Recommended Stories