Nutrien Ltd. (NYSE:NTR) Given Average Rating of “Hold” by Brokerages

Shares of Nutrien Ltd. (NYSE:NTR) have earned a consensus rating of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $60.13.

A number of equities analysts have commented on NTR shares. Mizuho boosted their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. 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, February 20th. Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Scotiabank boosted their price objective on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Finally, CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a report on Tuesday, February 25th.

Nutrien Trading Down 1.3 %

Shares of NYSE NTR opened at $50.10 on Friday. Nutrien has a twelve month low of $43.70 and a twelve month high of $60.87. The firm has a market cap of $24.51 billion, a PE ratio of 36.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business has a fifty day simple moving average of $51.18 and a two-hundred day simple moving average of $48.66. 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 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). 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 analysts’ expectations of $5.09 billion. Analysts expect 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 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 4.35%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co acquired a new stake in shares of Nutrien during the 4th quarter worth about $712,000. Wealthedge Investment Advisors LLC acquired a new stake in Nutrien in the fourth quarter valued at $1,508,000. Probity Advisors Inc. increased its holdings in Nutrien by 16.0% in the fourth quarter. Probity Advisors Inc. now owns 25,739 shares of the company’s stock valued at $1,152,000 after buying an additional 3,558 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new stake in Nutrien in the fourth quarter valued at $224,000. Finally, Public Employees Retirement System of Ohio raised its position in Nutrien by 6.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 92,018 shares of the company’s stock worth $4,116,000 after acquiring an additional 5,420 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

About Nutrien

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.