Barclays Issues Positive Forecast for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price target upped by Barclays from $56.00 to $59.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Piper Sandler increased their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Oppenheimer initiated coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Finally, Mizuho increased their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.94.

Nutrien Stock Up 2.9 %

NTR stock opened at $49.92 on Wednesday. Nutrien has a one year low of $43.70 and a one year high of $60.87. The stock has a market capitalization of $24.42 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a fifty day moving average of $50.44 and a 200-day moving average of $48.53.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. As a group, analysts expect that Nutrien will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.37%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Institutional Investors Weigh In On Nutrien

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock worth $885,009,000 after buying an additional 325,210 shares in the last quarter. Dodge & Cox boosted its position in shares of Nutrien by 0.3% in the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock worth $560,416,000 after acquiring an additional 40,800 shares during the last quarter. Silchester International Investors LLP boosted its position in shares of Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after acquiring an additional 77,174 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company’s stock worth $317,951,000 after acquiring an additional 721,935 shares during the last quarter. 63.10% of the stock is currently 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.