Nutrien (NYSE:NTR) Price Target Lowered to $61.00 at TD Securities

Nutrien (NYSE:NTR) had its price objective decreased by TD Securities from $63.00 to $61.00 in a research report report published on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Barclays decreased their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.33.

Nutrien Trading Down 0.4 %

NYSE NTR opened at $46.19 on Tuesday. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22.81 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The business’s 50-day moving average price is $47.99 and its two-hundred day moving average price is $50.42.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, analysts expect that Nutrien will post 3.65 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 8.13%. Nutrien’s payout ratio is presently 144.97%.

Institutional Investors Weigh In On Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lester Murray Antman dba SimplyRich boosted its holdings in Nutrien by 2.3% during the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock worth $461,000 after purchasing an additional 202 shares during the last quarter. FFT Wealth Management LLC boosted its stake in shares of Nutrien by 0.8% in the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after buying an additional 220 shares during the last quarter. Covestor Ltd grew its holdings in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. MONECO Advisors LLC grew its holdings in shares of Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after acquiring an additional 233 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after acquiring an additional 263 shares during the last quarter. 63.10% of the stock is 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.