Nutrien (NTR) Receives Buy Rating from Barclays

Barclays restated their buy rating on shares of Nutrien (NYSE:NTR) in a research report sent to investors on Sunday morning.

NTR has been the subject of several other research reports. Raymond James upped their target price on shares of Nutrien from $67.00 to $70.00 and gave the stock a strong-buy rating in a research note on Friday, November 2nd. BMO Capital Markets upgraded shares of Nutrien from a market perform rating to an outperform rating in a research note on Tuesday, January 8th. Cleveland Research upgraded shares of Nutrien from a neutral rating to a buy rating in a research note on Thursday, October 18th. Citigroup reduced their price target on shares of Nutrien from $66.00 to $56.00 and set a buy rating for the company in a research report on Monday, January 7th. Finally, Morgan Stanley restated an equal weight rating and set a $56.00 price target on shares of Nutrien in a research report on Wednesday, December 12th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Nutrien presently has a consensus rating of Buy and a consensus price target of $61.94.

NYSE NTR opened at $52.66 on Friday. Nutrien has a 1 year low of $43.96 and a 1 year high of $58.99. The firm has a market capitalization of $32.10 billion, a PE ratio of 19.58, a PEG ratio of 1.66 and a beta of 0.80.



Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Nutrien had a net margin of 18.20% and a return on equity of 12.95%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.61 billion. The company’s revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Nutrien will post 3.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.72 annualized dividend and a yield of 3.27%. Nutrien’s payout ratio is currently 63.94%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Litman Gregory Asset Management LLC purchased a new stake in Nutrien during the fourth quarter valued at about $26,000. Proficio Capital Partners LLC lifted its holdings in Nutrien by 38.3% during the fourth quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after purchasing an additional 250 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in Nutrien during the fourth quarter valued at about $53,000. Shine Investment Advisory Services Inc. lifted its holdings in Nutrien by 27.2% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 1,794 shares of the company’s stock valued at $84,000 after purchasing an additional 384 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in Nutrien during the fourth quarter valued at about $93,000. Institutional investors own 66.61% of the company’s stock.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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