Nutrien (NYSE:NTR) Given New $52.00 Price Target at Mizuho

Nutrien (NYSE:NTR) had its price objective lowered by Mizuho from $55.00 to $52.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on NTR. Scotiabank dropped their target price on Nutrien from $67.00 to $66.00 and set an outperform rating for the company in a research report on Monday, May 13th. Berenberg Bank upgraded shares of Nutrien from a hold rating to a buy rating and lifted their price objective for the company from $60.00 to $66.00 in a report on Monday, April 29th. TD Securities reduced their target price on shares of Nutrien from $69.00 to $67.00 and set a buy rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on Nutrien from $68.00 to $66.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada dropped their price objective on shares of Nutrien from $70.00 to $60.00 and set an outperform rating on the stock in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $64.89.

Nutrien Price Performance

Shares of NTR stock traded up $0.64 during trading hours on Thursday, reaching $46.58. The company had a trading volume of 409,842 shares, compared to its average volume of 1,931,663. Nutrien has a 12-month low of $44.90 and a 12-month high of $65.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.56 and a beta of 0.83. The stock has a fifty day moving average of $50.96 and a 200-day moving average of $52.71.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter last year, the company posted $2.53 EPS. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. On average, equities analysts anticipate that Nutrien will post 3.78 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.64%. Nutrien’s dividend payout ratio (DPR) is 126.32%.

Institutional Investors Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of the business. O Brien Greene & Co. Inc raised its stake in shares of Nutrien by 7.4% in the 2nd quarter. O Brien Greene & Co. Inc now owns 140,961 shares of the company’s stock valued at $7,176,000 after acquiring an additional 9,675 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Nutrien by 37.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,427 shares of the company’s stock worth $679,000 after purchasing an additional 3,645 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Nutrien by 8.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,660 shares of the company’s stock worth $237,000 after buying an additional 356 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of Nutrien by 4.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 34,936 shares of the company’s stock valued at $1,778,000 after buying an additional 1,405 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Nutrien by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,145,375 shares of the company’s stock valued at $261,985,000 after buying an additional 399,348 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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.