Brokerages Set Nutrien Ltd. (NYSE:NTR) Target Price at $81.89

Shares of Nutrien Ltd. (NYSE:NTR) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $81.8421.

A number of research firms have weighed in on NTR. Oppenheimer dropped their target price on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. National Bank Financial set a $76.00 target price on Nutrien and gave the stock an “outperform” rating in a research report on Monday, July 13th. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday. Finally, Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Nutrien

Several hedge funds have recently bought and sold shares of NTR. Allied Private Wealth LLC purchased a new stake in shares of Nutrien in the 2nd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after purchasing an additional 436 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Nutrien by 4.5% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 61,430 shares of the company’s stock worth $3,863,000 after purchasing an additional 2,650 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Nutrien by 22.0% in the second quarter. Assenagon Asset Management S.A. now owns 19,303 shares of the company’s stock worth $1,214,000 after purchasing an additional 3,481 shares during the last quarter. Finally, Somerset Trust Co increased its position in shares of Nutrien by 2.2% in the second quarter. Somerset Trust Co now owns 10,065 shares of the company’s stock worth $634,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $68.98 on Monday. The company has a market cap of $33.00 billion, a P/E ratio of 14.05, a PEG ratio of 0.71 and a beta of 0.62. The company has a fifty day simple moving average of $66.39 and a 200 day simple moving average of $70.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien has a 12-month low of $53.03 and a 12-month high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Sell-side analysts predict that Nutrien will post 5.01 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a $0.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Nutrien’s payout ratio is 44.81%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.