Nutrien Ltd. (NYSE:NTR) Receives Consensus Rating of “Buy” from Brokerages

Shares of Nutrien Ltd. (NYSE:NTRGet Rating) have received an average recommendation of “Buy” from the twenty-one analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $106.72.

Several research firms recently commented on NTR. began coverage on Nutrien in a research report on Thursday, April 14th. They set a “buy” rating for the company. Royal Bank of Canada upped their price objective on Nutrien from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Raymond James upped their price objective on Nutrien from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, May 4th. Barclays set a $126.00 price objective on Nutrien in a report on Monday, June 13th. Finally, Citigroup upped their price objective on Nutrien from $89.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, March 22nd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. raised its position in Nutrien by 55.2% during the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the last quarter. Centaurus Financial Inc. raised its position in Nutrien by 0.9% during the 1st quarter. Centaurus Financial Inc. now owns 14,626 shares of the company’s stock valued at $1,521,000 after purchasing an additional 132 shares during the last quarter. Van Strum & Towne Inc. raised its position in Nutrien by 1.2% during the 4th quarter. Van Strum & Towne Inc. now owns 11,846 shares of the company’s stock valued at $891,000 after purchasing an additional 136 shares during the last quarter. Sheets Smith Investment Management raised its position in Nutrien by 0.6% during the 1st quarter. Sheets Smith Investment Management now owns 23,886 shares of the company’s stock valued at $2,484,000 after purchasing an additional 136 shares during the last quarter. Finally, Argent Trust Co raised its position in Nutrien by 2.2% during the 4th quarter. Argent Trust Co now owns 6,381 shares of the company’s stock valued at $480,000 after purchasing an additional 137 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Nutrien stock opened at $83.04 on Friday. Nutrien has a 52 week low of $57.08 and a 52 week high of $117.25. The business has a 50-day simple moving average of $98.92 and a 200 day simple moving average of $87.48. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.65 and a beta of 0.87.

Nutrien (NYSE:NTRGet Rating) last posted its earnings results on Monday, May 2nd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.59 by $0.11. Nutrien had a return on equity of 20.55% and a net margin of 14.34%. The business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.77 billion. On average, research analysts anticipate that Nutrien will post 16.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, June 29th. Nutrien’s payout ratio is 24.65%.

Nutrien Company Profile (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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