Brokerages Set Nutrien Ltd. (NYSE:NTR) PT at $60.13

Nutrien Ltd. (NYSE:NTR) has received a consensus rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $60.13.

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Scotiabank boosted their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. UBS Group boosted their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Finally, Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd.

Institutional Investors Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC raised its stake in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Nutrien during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Nutrien stock opened at $52.06 on Friday. The firm has a market capitalization of $25.47 billion, a P/E ratio of 38.00, a PEG ratio of 1.19 and a beta of 0.81. Nutrien has a 1 year low of $43.70 and a 1 year high of $60.87. The business has a 50-day moving average of $51.41 and a 200-day moving average of $48.74. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

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

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

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.