Nutrien (NYSE:NTR) Price Target Raised to $80.00

by · The Markets Daily

Nutrien (NYSE:NTR – Free Report) had its price target lifted by Barclays from $70.00 to $80.00 in a report issued on Tuesday, MarketBeat reports. They currently have an equal weight rating on the stock.

NTR has been the subject of a number of other reports. Mizuho increased their price target on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on Nutrien from $64.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada raised their price objective on shares of Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Scotiabank boosted their target price on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.82.

Get Our Latest Research Report on NTR

Nutrien Price Performance

Shares of NYSE NTR opened at $74.43 on Tuesday. The stock has a market cap of $35.81 billion, a P/E ratio of 15.97 and a beta of 0.70. The firm’s 50-day simple moving average is $68.21 and its 200 day simple moving average is $61.71. Nutrien has a fifty-two week low of $45.78 and a fifty-two week high of $78.00. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR – Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. Equities analysts expect that Nutrien will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 46.78%.

Hedge Funds Weigh In On Nutrien

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTR. Wellington Management Group LLP grew its stake in Nutrien by 440.2% during the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after acquiring an additional 13,313,817 shares in the last quarter. Norges Bank purchased a new position in Nutrien during the second quarter valued at approximately $395,842,000. Arrowstreet Capital Limited Partnership increased its stake in Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares during the period. Boston Partners acquired a new position in Nutrien in the 2nd quarter valued at approximately $150,416,000. Finally, First Eagle Investment Management LLC lifted its position in Nutrien by 14.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after buying an additional 1,627,328 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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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