Nutrien (NYSE:NTR) Sets New 52-Week Low After Analyst Downgrade

Nutrien Ltd. (NYSE:NTR)’s share price reached a new 52-week low on Friday after HSBC downgraded the stock from a hold rating to a reduce rating. The stock traded as low as $47.62 and last traded at $47.67, with a volume of 739466 shares traded. The stock had previously closed at $49.89.

A number of other analysts have also recently issued reports on the stock. Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Scotiabank reduced their target price on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. UBS Group reduced their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company reduced their target price on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $66.00 in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.39.

Institutional Trading of Nutrien

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in shares of Nutrien by 2.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,441 shares of the company’s stock worth $931,000 after acquiring an additional 392 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Nutrien by 22.1% during the 4th quarter. Fifth Third Bancorp now owns 5,632 shares of the company’s stock worth $317,000 after acquiring an additional 1,021 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Nutrien during the 4th quarter worth approximately $3,433,000. ANTIPODES PARTNERS Ltd grew its stake in shares of Nutrien by 18,312.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock worth $89,862,000 after acquiring an additional 1,586,631 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Nutrien during the 4th quarter worth approximately $230,000. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Down 4.0 %

The company has a market capitalization of $23.70 billion, a P/E ratio of 29.19, a PEG ratio of 1.70 and a beta of 0.83. The firm’s 50 day moving average price is $52.33 and its two-hundred day moving average price is $52.84. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Equities research analysts forecast that Nutrien Ltd. will post 3.78 EPS for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, June 28th. Nutrien’s dividend payout ratio is 126.32%.

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.