Nutrien (NYSE:NTR – Free Report) had its target price lifted by Wells Fargo & Company from $52.00 to $53.00 in a research note published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
Several other equities research analysts have also weighed in on NTR. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. TD Securities lowered their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Oppenheimer began coverage on Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. One 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 company. According to data from MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of $58.94.
Get Our Latest Research Report on Nutrien
Nutrien Stock Performance
Nutrien (NYSE:NTR – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities analysts expect that Nutrien will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 7.16%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 144.97%.
Institutional Trading of Nutrien
Several institutional investors have recently made changes to their positions in NTR. Silchester International Investors LLP raised its position in Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after buying an additional 1,236,671 shares during the period. National Bank of Canada FI boosted its stake in Nutrien by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after buying an additional 165,582 shares in the last quarter. Toronto Dominion Bank grew its position in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after acquiring an additional 447,413 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nutrien during the third quarter worth $150,181,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
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.
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