Nutrien (NYSE:NTR) PT Lowered to $66.00

Nutrien (NYSE:NTR) had its target price decreased by Wells Fargo & Company from $68.00 to $66.00 in a report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

NTR has been the topic of a number of other reports. Jefferies Financial Group began coverage on shares of Nutrien in a research report on Tuesday, March 26th. They set a buy rating and a $62.00 price target on the stock. Scotiabank reduced their price target on shares of Nutrien from $67.00 to $66.00 and set an outperform rating on the stock in a research report on Monday, May 13th. Mizuho raised their price objective on shares of Nutrien from $54.00 to $56.00 and gave the stock an underweight rating in a report on Friday, May 17th. UBS Group dropped their price objective on shares of Nutrien from $67.00 to $66.00 and set a buy rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Nutrien from $70.00 to $60.00 and set an outperform rating on the stock in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $65.63.

Nutrien Price Performance

Shares of NTR stock opened at $50.50 on Tuesday. Nutrien has a 52-week low of $47.86 and a 52-week high of $69.12. The stock has a market cap of $24.98 billion, a PE ratio of 29.53, a PEG ratio of 1.65 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The firm’s 50 day moving average price is $53.77 and its two-hundred day moving average price is $53.11.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. As a group, analysts forecast that Nutrien will post 3.84 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 4.28%. Nutrien’s payout ratio is currently 126.32%.

Institutional Investors Weigh In On Nutrien

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MONECO Advisors LLC increased its stake in Nutrien by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after buying an additional 233 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Nutrien in the 2nd quarter valued at about $2,196,000. Oakworth Capital Inc. bought a new position in shares of Nutrien in the 2nd quarter valued at about $52,000. Allen Wealth Management LLC grew its position in shares of Nutrien by 8.8% in the 2nd quarter. Allen Wealth Management LLC now owns 26,413 shares of the company’s stock valued at $1,345,000 after acquiring an additional 2,145 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Nutrien by 12.4% in the 2nd quarter. Blue Trust Inc. now owns 4,075 shares of the company’s stock valued at $221,000 after acquiring an additional 450 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

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.