Nutrien Ltd. (NYSE:NTR) Receives Average Recommendation of “Buy” From Analysts
Shares of Nutrien Ltd. (NYSE:NTR – Get Rating) have earned an average recommendation of “Buy” from the twenty-two brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $102.84.
NTR has been the topic of a number of analyst reports. Mizuho increased their target price on Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. The Goldman Sachs Group raised their price objective on Nutrien from $85.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, March 16th. UBS Group set a $94.00 price objective on Nutrien in a report on Monday, February 28th. TD Securities raised their price objective on Nutrien from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 4th. Finally, Scotiabank cut Nutrien from a “sector outperform” rating to a “sector perform” rating in a report on Monday, March 28th.
Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Nutrien by 38.3% during the third quarter. Bank of New York Mellon Corp now owns 1,306,045 shares of the company’s stock worth $84,671,000 after acquiring an additional 361,614 shares during the last quarter. Albar Capital Ltd increased its position in shares of Nutrien by 404.5% during the third quarter. Albar Capital Ltd now owns 252,748 shares of the company’s stock worth $16,386,000 after acquiring an additional 202,647 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Nutrien by 72.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 85,722 shares of the company’s stock worth $6,446,000 after acquiring an additional 35,873 shares during the last quarter. Morgan Stanley increased its position in shares of Nutrien by 4.1% during the third quarter. Morgan Stanley now owns 2,109,828 shares of the company’s stock worth $136,780,000 after acquiring an additional 83,379 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Nutrien by 12.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,390 shares of the company’s stock worth $1,534,000 after acquiring an additional 2,274 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors.
Shares of NYSE:NTR opened at $101.48 on Tuesday. The business’s fifty day moving average price is $103.25 and its two-hundred day moving average price is $84.66. The stock has a market cap of $56.07 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 1.14. Nutrien has a one year low of $57.08 and a one year high of $117.25.
Nutrien (NYSE:NTR – Get Rating) last announced its earnings results on Monday, May 2nd. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.11. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.77 billion. Nutrien had a return on equity of 20.55% and a net margin of 14.34%. As a group, equities research analysts predict that Nutrien will post 16.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, June 29th. Nutrien’s dividend payout ratio (DPR) is presently 24.65%.
About Nutrien (Get Rating)
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.
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