Nutrien (NYSE:NTR) Given New $55.00 Price Target at Mizuho

Nutrien (NYSE:NTR) had its price target hoisted by Mizuho from $52.00 to $55.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on NTR. Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. CIBC reaffirmed an “outperformer” rating and set a $55.00 price target (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Finally, TD Securities reduced their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.39.

Nutrien Stock Performance

Shares of NTR stock opened at $52.68 on Thursday. The stock’s fifty day simple moving average is $49.41 and its 200-day simple moving average is $48.24. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien has a 1-year low of $43.69 and a 1-year high of $60.87.

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

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 157.67%.

Hedge Funds Weigh In On Nutrien

Institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Nutrien during the 4th quarter valued at approximately $27,000. HHM Wealth Advisors LLC lifted its holdings in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the last quarter. Assetmark Inc. boosted its position in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc acquired a new stake in shares of Nutrien in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the period. 63.10% of the stock is currently owned by 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.