Nutrien (NYSE:NTR) Stock Gets Price Target Trim from Raymond James Financial

Nutrien (NYSE:NTR) had its price objective trimmed by Raymond James Financial from $90.00 to $83.00 in a research report report published on Wednesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also commented on NTR. Freedom Broker began coverage on Nutrien in a research report on Tuesday. They set a “hold” rating and a $78.00 price target on the stock. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and issued a $71.00 price objective on shares of Nutrien in a report on Monday, October 12th. Oppenheimer lowered their target price on shares of Nutrien from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Finally, Morgan Stanley cut their target price on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.24.

Nutrien Price Performance

Shares of NYSE:NTR opened at $69.40 on Wednesday. The company’s fifty day moving average price is $73.14 and its 200 day moving average price is $70.98. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a market capitalization of $33.05 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.76 and a beta of 0.68.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $2.65 earnings per share. As a group, sell-side analysts predict that Nutrien will post 4.53 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Tuesday, September 29th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is currently 44.53%.

Institutional Trading of Nutrien

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in Nutrien during the second quarter worth $654,081,000. Deutsche Bank AG purchased a new stake in Nutrien during the second quarter worth $588,720,000. The Manufacturers Life Insurance Company acquired a new stake in Nutrien in the second quarter valued at $375,178,000. Canada Pension Plan Investment Board acquired a new stake in Nutrien in the second quarter valued at $359,318,000. Finally, BlackRock Inc. purchased a new position in shares of Nutrien in the second quarter valued at $220,942,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Company Profile