Nutrien (NYSE:NTR) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Nutrien (NYSE:NTR) from an underweight rating to an overweight rating in a report released on Monday morning, Marketbeat Ratings reports. They currently have $58.00 price objective on the stock, up from their prior price objective of $50.00.

Several other brokerages have also recently weighed in on NTR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. CIBC reissued an “outperformer” rating and set a $55.00 price target (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Finally, TD Securities decreased their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and an average target price of $59.21.

Nutrien Trading Up 0.8 %

NYSE:NTR opened at $52.08 on Monday. The company has a 50-day moving average price of $46.90 and a 200-day moving average price of $47.85. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 1.11 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien has a 12 month low of $43.69 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Equities analysts predict that Nutrien will post 3.5 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.21%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is currently 144.97%.

Institutional Investors Weigh In On Nutrien

Institutional investors have recently modified their holdings of the business. Goodman Financial Corp raised its position in Nutrien by 4.6% in the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after buying an additional 11,058 shares during the last quarter. CORDA Investment Management LLC. grew its stake in shares of Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after acquiring an additional 32,541 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Nutrien by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares during the last quarter. Cardinal Capital Management Inc. lifted its position in Nutrien by 4.3% during the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock valued at $27,139,000 after purchasing an additional 23,117 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock worth $3,379,000 after purchasing an additional 54,138 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

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.