Nutrien (NYSE:NTR – Free Report) had its price objective decreased by Berenberg Bank from $67.00 to $60.00 in a research note published on Thursday morning, BayStreet.CA reports. Berenberg Bank currently has a hold rating on the stock.
A number of other analysts have also recently weighed in on the stock. Raymond James cut shares of Nutrien from an outperform rating to a market perform rating and reduced their target price for the stock from $80.00 to $65.00 in a report on Friday, January 12th. Royal Bank of Canada reduced their target price on shares of Nutrien from $80.00 to $75.00 and set an outperform rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus raised their target price on shares of Nutrien from $72.00 to $75.00 and gave the stock a buy rating in a report on Friday, January 19th. TD Securities reduced their target price on shares of Nutrien from $81.00 to $75.00 and set a buy rating for the company in a report on Friday, November 3rd. Finally, CIBC reduced their target price on shares of Nutrien from $85.00 to $80.00 and set an outperform rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $72.84.
Nutrien Price Performance
Institutional Investors Weigh In On Nutrien
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd purchased a new stake in Nutrien in the 1st quarter worth approximately $30,000. Zions Bancorporation N.A. lifted its position in Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. Legacy Financial Group LLC purchased a new stake in Nutrien in the 3rd quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new stake in Nutrien in the 3rd quarter worth approximately $27,000. Finally, Headlands Technologies LLC purchased a new stake in Nutrien in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 62.77% of the company’s stock.
Nutrien 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.
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