Nutrien Ltd. (NYSE:NTR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have received a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $62.39.

Several equities research analysts have weighed in on NTR shares. Wells Fargo & Company dropped their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Monday, August 12th. HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Scotiabank decreased their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Finally, BMO Capital Markets decreased their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

Nutrien Trading Up 2.3 %

Shares of NTR stock opened at $47.90 on Friday. The stock has a market capitalization of $23.70 billion, a PE ratio of 28.01, a P/E/G ratio of 1.51 and a beta of 0.82. Nutrien has a 1-year low of $44.65 and a 1-year high of $64.29. The business has a 50-day moving average of $48.05 and a 200 day moving average of $51.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same period in the prior year, the business posted $2.53 EPS. Nutrien’s quarterly revenue was down 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien will post 3.81 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Institutional Trading of Nutrien

A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nutrien in the 2nd quarter worth $52,000. Sanctuary Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter worth $2,184,000. Clearbridge Investments LLC increased its holdings in shares of Nutrien by 21.9% in the 2nd quarter. Clearbridge Investments LLC now owns 882,591 shares of the company’s stock worth $44,937,000 after purchasing an additional 158,324 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Nutrien by 2.8% in the 2nd quarter. Pathway Financial Advisers LLC now owns 27,804 shares of the company’s stock worth $1,413,000 after purchasing an additional 758 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nutrien by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,825 shares of the company’s stock worth $1,162,000 after buying an additional 1,000 shares during the last quarter. Institutional investors 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.