Nutrien (NYSE:NTR) Sets New 12-Month Low – Should You Sell?

Nutrien Ltd. (NYSE:NTRGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.69 and last traded at $44.75, with a volume of 2058005 shares trading hands. The stock had previously closed at $44.18.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. CIBC restated 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, Oppenheimer initiated coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average price target of $58.95.

Get Our Latest Stock Report on NTR

Nutrien Stock Up 1.3 %

The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $22.03 billion, a P/E ratio of 30.03, a PEG ratio of 1.73 and a beta of 0.80. The company has a fifty day moving average price of $47.05 and a 200-day moving average price of $48.14.

Nutrien (NYSE:NTRGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. As a group, research analysts forecast that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.39%. Nutrien’s payout ratio is 144.97%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in shares of Nutrien in the 2nd quarter valued at approximately $72,000. Commonwealth Equity Services LLC increased its position in Nutrien by 0.4% during the second quarter. Commonwealth Equity Services LLC now owns 105,085 shares of the company’s stock valued at $5,350,000 after acquiring an additional 422 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Nutrien by 0.6% in the second quarter. D.A. Davidson & CO. now owns 167,405 shares of the company’s stock valued at $8,523,000 after acquiring an additional 1,045 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Nutrien by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 29,687 shares of the company’s stock worth $1,511,000 after acquiring an additional 927 shares during the last quarter. Finally, FFT Wealth Management LLC boosted its stake in shares of Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after purchasing an additional 220 shares during the period. Institutional investors own 63.10% of the company’s stock.

About Nutrien

(Get Free Report)

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.

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