Nutrien (NYSE:NTR) Price Target Raised to $53.00

Nutrien (NYSE:NTR) had its price objective lifted by UBS Group from $51.00 to $53.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective for the company. Wells Fargo & Company upped their price objective on Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Securities cut their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Barclays reiterated an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Stock Down 1.5 %

Shares of NTR opened at $52.31 on Tuesday. The business’s 50 day moving average is $48.03 and its 200 day moving average is $48.06. 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 has a 12-month low of $43.69 and a 12-month high of $60.87. The company has a market capitalization of $25.69 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81.

Nutrien (NYSE:NTR) last released 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). The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. Research analysts expect that Nutrien will post 3.5 earnings per share 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 paid a $0.939 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a yield of 7.18%. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Institutional Trading of Nutrien

A number of institutional investors have recently bought and sold shares of NTR. Secured Retirement Advisors LLC acquired a new stake in shares of Nutrien during the fourth quarter worth $654,000. Strategic Financial Concepts LLC acquired a new stake in Nutrien during the 4th quarter worth about $210,000. Principal Securities Inc. grew its stake in Nutrien by 138.1% during the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after purchasing an additional 540 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after purchasing an additional 247 shares during the period. Finally, Asset Planning Inc purchased a new position in shares of Nutrien in the fourth quarter worth about $35,000. 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.