Nutrien (NYSE:NTR) Price Target Cut to $66.00

Nutrien (NYSE:NTRGet Free Report) had its target price lowered by analysts at Scotiabank from $67.00 to $66.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 15.16% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and increased their price target for the stock from $60.00 to $66.00 in a research report on Monday, April 29th. Stifel Nicolaus lifted their target price on Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 19th. BMO Capital Markets decreased their target price on Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. Finally, Wolfe Research started coverage on Nutrien in a report on Friday, March 1st. They issued an “outperform” rating and a $66.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average price target of $67.37.

View Our Latest Research Report on NTR

Nutrien Stock Down 1.5 %

Shares of Nutrien stock traded down $0.86 during trading on Monday, hitting $57.31. The company’s stock had a trading volume of 706,512 shares, compared to its average volume of 1,961,316. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The company has a fifty day simple moving average of $53.68 and a two-hundred day simple moving average of $53.65. The company has a market capitalization of $28.34 billion, a PE ratio of 33.51, a P/E/G ratio of 2.17 and a beta of 0.89. Nutrien has a 52 week low of $47.90 and a 52 week high of $69.12.

Nutrien (NYSE:NTRGet Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the business posted $2.02 earnings per share. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. Equities research analysts predict that Nutrien will post 3.82 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NTR. GoalVest Advisory LLC purchased a new position in shares of Nutrien in the first quarter worth about $35,000. Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after purchasing an additional 678 shares in the last quarter. Evolution Advisers Inc. purchased a new position in shares of Nutrien in the fourth quarter worth about $49,000. Covestor Ltd increased its stake in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Nutrien in the fourth quarter worth about $57,000. Institutional investors and hedge funds 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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Analyst Recommendations for Nutrien (NYSE:NTR)

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