Stocks of Nutrien Ltd. (NYSE:NTR) traded higher last session on Wall Street, up 0.08% to $59.05.
According to the data, Nutrien Ltd. (NYSE:NTR) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $49.00, we find $75.00. Given the previous closing price of $59.00, this indicates a potential upside of 27.12 percent. NTR stock price is now -4.43% away from the 50-day moving average and -20.55% away from the 200-day moving average. The market capitalization of the company currently stands at $39.19B.
A total of 10 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $76.74 as their price target over the next twelve months.
With the price target reduced from $92 to $49, Berenberg Downgraded its rating from Buy to Hold for Nutrien Ltd. (NYSE: NTR).
A total of 0.03% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NTR stock. A new stake in Nutrien Ltd. shares was purchased by ANOMALY CAPITAL MANAGEMENT, LP during the first quarter worth $15,371,000. PERPETUAL LTD invested $10,168,000 in shares of NTR during the first quarter. In the first quarter, SPHERA FUNDS MANAGEMENT LTD. acquired a new stake in Nutrien Ltd. valued at approximately $8,590,000. BROOKFIELD CORP /ON/ acquired a new stake in NTR for approximately $5,136,000. UTAH RETIREMENT SYSTEMS purchased a new stake in NTR valued at around $3,806,000 in the second quarter. In total, there are 1,128 active investors with 71.97% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $59.60 for Nutrien Ltd. (NYSE: NTR). During the past 12 months, Nutrien Ltd. has had a low of $52.23 and a high of $102.73. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.20, and a quick ratio of 0.50. The fifty day moving average price for NTR is $61.50 and a two-hundred day moving average price translates $74.17 for the stock.
The latest earnings results from Nutrien Ltd. (NYSE: NTR) was released for Mar, 2023. According to the Agricultural Inputs Company, earnings per share came in at $1.11, missing analysts’ expectations of $1.47 by -0.36. This compares to $2.50 EPS in the same period last year. The net profit margin was 18.90% and return on equity was 26.50% for NTR. The company reported revenue of $6.11 billion for the quarter, compared to $7.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.24 percent. For the current quarter, analysts expect NTR to generate $11.39B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/30/2023 were paid a $0.53 dividend. On an annualized basis, this represents a $2.83 dividend and a 4.80% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, NTR is presently at 11.60%.
Nutrien Ltd.(NTR) Company Profile
Nutrien Ltd. provides crop inputs and services. The company operates through Retail, Potash, Nitrogen, and Phosphate segments. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, urea ammonium nitrate, industrial grade ammonium nitrate, and ammonium sulfate. The Phosphate segment provides solid fertilizer, liquid fertilizer, and industrial and feed products. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.
