Nutrien Ltd. (NYSE:NTR) Receives $81.61 Consensus Target Price from Brokerages

Nutrien Ltd. (NYSE:NTR) has earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.9444.

NTR has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, June 30th. Royal Bank Of Canada raised their price target on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th.

Institutional Trading of Nutrien

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Nutrien by 440.2% in 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 purchasing an additional 13,313,817 shares during the last quarter. Norges Bank bought a new stake in shares of Nutrien during the fourth quarter worth $412,635,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after buying an additional 2,276,651 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after buying an additional 1,559,673 shares in the last quarter. Finally, DJE Kapital AG increased its holdings in shares of Nutrien by 1,373.6% during the first quarter. DJE Kapital AG now owns 1,534,869 shares of the company’s stock worth $116,111,000 after buying an additional 1,430,708 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 2.2%

NYSE:NTR opened at $66.73 on Thursday. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36. The company has a market cap of $31.98 billion, a PE ratio of 13.59, a PEG ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a 50-day simple moving average of $67.73 and a 200 day simple moving average of $69.70.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, sell-side analysts expect that Nutrien will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Nutrien’s payout ratio is presently 44.81%.

Nutrien Company Profile

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.