Nutrien (NYSE:NTR) Price Target Raised to $56.00

Nutrien (NYSE:NTR) had its price target lifted by Wells Fargo & Company from $53.00 to $56.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

NTR has been the topic of a number of other research reports. Mizuho raised their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. TD Securities reduced their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. UBS Group lifted their price target on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.39.

Nutrien Stock Performance

NTR stock opened at $52.68 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $48.25. Nutrien has a twelve month low of $43.69 and a twelve month high of $60.87. The firm has a market cap of $25.80 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.19 and a beta of 0.81.

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

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 157.67%.

Hedge Funds Weigh In On Nutrien

Large investors have recently modified their holdings of the business. Silchester International Investors LLP raised its holdings in shares of Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after buying an additional 6,642,075 shares during the period. Norges Bank acquired a new stake in Nutrien in the 4th quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership raised its position in Nutrien by 159.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company’s stock valued at $242,976,000 after purchasing an additional 3,341,169 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nutrien in the 3rd quarter valued at about $150,181,000. Finally, ARGA Investment Management LP raised its position in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 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.