Nutrien (NYSE:NTR) Given New $59.00 Price Target at Berenberg Bank

Nutrien (NYSE:NTR) had its price objective raised by Berenberg Bank from $54.00 to $59.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages have also weighed in on NTR. UBS Group raised their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Wells Fargo & Company upped their target price on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Finally, Barclays lifted their price target on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average price target of $59.53.

Nutrien Stock Up 0.2 %

Shares of NYSE:NTR opened at $52.22 on Tuesday. The company has a market capitalization of $25.53 billion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company has a 50 day moving average of $50.78 and a two-hundred day moving average of $49.18. Nutrien has a 52-week low of $43.70 and a 52-week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, analysts forecast that Nutrien will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.17%. Nutrien’s dividend payout ratio is presently 159.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC increased its stake in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the period. Assetmark Inc. raised its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.