Nutrien (NYSE:NTR) Stock Price Expected to Rise, CIBC Analyst Says

Nutrien (NYSE:NTR) had its price objective hoisted by CIBC from $64.00 to $66.00 in a report published on Tuesday morning, MarketBeat reports. The firm currently has an outperformer rating on the stock.

Several other analysts also recently issued reports on NTR. Oppenheimer started coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. UBS Group upped their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. TD Securities dropped their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Finally, Barclays reaffirmed an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average target price of $60.11.

Nutrien Stock Performance

Shares of NTR stock opened at $53.60 on Tuesday. The stock has a fifty day moving average price of $49.66 and a 200 day moving average price of $48.35. 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 stock has a market cap of $26.25 billion, a PE ratio of 39.12, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien has a 1 year low of $43.69 and a 1 year high of $60.87.

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

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Hedge Funds Weigh In On Nutrien

Hedge funds have recently made changes to their positions in the stock. Uncommon Cents Investing LLC raised its position in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after buying an additional 235 shares during the period. Rhumbline Advisers increased its stake in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after acquiring an additional 247 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nutrien by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after purchasing an additional 263 shares during the period. FFT Wealth Management LLC raised its holdings in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after purchasing an additional 277 shares during the period. Finally, Meixler Investment Management Ltd. lifted its stake in shares of Nutrien by 4.2% in the 3rd quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock valued at $344,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.