Nutrien Ltd. (NYSE:NTR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $81.15.

Several brokerages recently weighed in on NTR. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Mizuho reduced their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada restated an “outperform” rating and set a $85.00 target price on shares of Nutrien in a research report on Friday. Finally, KeyCorp started coverage on shares of Nutrien in a report on Thursday, September 10th. They issued a “sector weight” rating and a $73.00 price target for the company.

Institutional Investors Weigh In On Nutrien

Several institutional investors have recently modified their holdings of the stock. Wellington Altus USA Inc. increased its position in shares of Nutrien by 14.6% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,239 shares of the company’s stock valued at $141,000 after purchasing an additional 285 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Nutrien by 19.0% in the second quarter. Sequoia Financial Advisors LLC now owns 12,259 shares of the company’s stock worth $772,000 after buying an additional 1,955 shares during the last quarter. SailingStone Capital Partners LLC lifted its position in Nutrien by 115.2% in the second quarter. SailingStone Capital Partners LLC now owns 288,350 shares of the company’s stock worth $18,152,000 after buying an additional 154,377 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Nutrien during the second quarter worth $308,000. Finally, Engineers Gate Manager LP boosted its stake in Nutrien by 665.4% during the second quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock worth $4,274,000 after buying an additional 59,018 shares during the period. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of Nutrien stock opened at $77.12 on Tuesday. The firm has a market cap of $36.72 billion, a PE ratio of 15.61, a PEG ratio of 0.83 and a beta of 0.62. The stock has a 50 day moving average of $71.95 and a 200 day moving average of $71.31. 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 has a 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.65 EPS. On average, research analysts expect that Nutrien will post 4.66 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Nutrien’s dividend payout ratio is 44.53%.

About Nutrien

Nutrien Ltd. (NYSE:NTR) is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.