Nutrien Ltd. (NYSE:NTR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $58.94.
A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays restated an “equal weight” rating and set a $56.00 price objective (up from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Oppenheimer began coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price target on Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday.
View Our Latest Stock Report on NTR
Nutrien Trading Up 1.1 %
Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share 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 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 earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, research analysts anticipate that Nutrien will post 3.5 EPS for the current fiscal year.
Nutrien Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.939 per share. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.08%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is 144.97%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien during the third quarter worth $28,000. HHM Wealth Advisors LLC raised its position in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Nutrien during the second quarter worth approximately $52,000. Finally, Union Bancaire Privee UBP SA bought a new position in Nutrien during the 4th quarter worth $67,000. 63.10% of the stock is 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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