Nutrien Ltd (NYSE:NTR) has been assigned an average rating of “Buy” from the nineteen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $61.93.
Several research analysts have recently weighed in on NTR shares. Bank of America raised Nutrien from an “underperform” rating to a “neutral” rating in a research note on Friday, August 16th. TD Securities upped their target price on Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Raymond James reaffirmed a “strong-buy” rating and set a $70.00 target price on shares of Nutrien in a research note on Tuesday, July 30th. ValuEngine downgraded Nutrien from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Citigroup set a $61.00 target price on Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wetherby Asset Management Inc. raised its stake in Nutrien by 2.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 8,035 shares of the company’s stock valued at $424,000 after purchasing an additional 217 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in Nutrien by 11.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,843 shares of the company’s stock valued at $152,000 after purchasing an additional 284 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in Nutrien by 39.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the company’s stock valued at $58,000 after purchasing an additional 308 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Nutrien by 2.3% in the 2nd quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock worth $730,000 after acquiring an additional 310 shares during the last quarter. Finally, Sprott Inc. increased its stake in shares of Nutrien by 4.4% in the 2nd quarter. Sprott Inc. now owns 7,546 shares of the company’s stock worth $403,000 after acquiring an additional 315 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.
Nutrien (NYSE:NTR) last announced its earnings results on Monday, July 29th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion during the quarter, compared to analyst estimates of $8.17 billion. Nutrien’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. On average, equities analysts predict that Nutrien will post 2.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.45 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio is currently 63.94%.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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