Nutrien (NYSE:NTR) had its target price cut by TD Securities from $69.00 to $67.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other research analysts have also commented on NTR. Raymond James reiterated a strong-buy rating and set a $70.00 price objective on shares of Nutrien in a research note on Tuesday, July 30th. CIBC set a $70.00 price objective on shares of Nutrien and gave the stock a buy rating in a research note on Wednesday, October 9th. Scotiabank set a $60.00 price objective on shares of Nutrien and gave the stock a buy rating in a research note on Thursday, September 26th. Consumer Edge started coverage on shares of Nutrien in a research note on Monday, September 23rd. They set an overweight rating and a $67.00 price objective for the company. Finally, BMO Capital Markets set a $60.00 price objective on shares of Nutrien and gave the stock a buy rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $61.73.
Shares of NYSE NTR traded down $0.15 during trading hours on Wednesday, hitting $48.25. 2,874,900 shares of the stock were exchanged, compared to its average volume of 1,541,148. The company has a market cap of $28.08 billion, a PE ratio of 17.94, a PEG ratio of 2.55 and a beta of 0.91. The firm has a fifty day moving average price of $50.15 and a 200-day moving average price of $51.29. Nutrien has a 12 month low of $43.96 and a 12 month high of $57.97.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, September 30th were paid a dividend of $0.45 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.73%. Nutrien’s dividend payout ratio is presently 66.91%.
A number of institutional investors have recently modified their holdings of the business. Carroll Financial Associates Inc. increased its stake in Nutrien by 11.1% during 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 in the last quarter. Cornerstone Advisors Inc. increased its stake in Nutrien by 39.6% during 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 in the last quarter. Tdam USA Inc. increased its stake in Nutrien by 2.3% during the 2nd quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock valued at $730,000 after purchasing an additional 310 shares in the last quarter. Sprott Inc. increased its stake in Nutrien by 4.4% during the 2nd quarter. Sprott Inc. now owns 7,546 shares of the company’s stock valued at $403,000 after purchasing an additional 315 shares in the last quarter. Finally, Coastal Investment Advisors Inc. boosted its holdings in shares of Nutrien by 63.8% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.
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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