Shares of Nutrien Ltd (NYSE:NTR) have been given an average rating of “Buy” by the eighteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $61.00.
NTR has been the subject of a number of analyst reports. ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. CIBC set a $70.00 price objective on Nutrien and gave the company a “buy” rating in a research note on Wednesday, October 9th. Berenberg Bank reissued a “hold” rating and set a $50.00 price objective on shares of Nutrien in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on Nutrien from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Finally, Raymond James set a $65.00 price target on Nutrien and gave the stock a “strong-buy” rating in a research note on Wednesday, November 6th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Carroll Financial Associates Inc. raised its holdings in Nutrien by 11.1% in the second quarter. Carroll Financial Associates Inc. now owns 2,843 shares of the company’s stock worth $152,000 after purchasing an additional 284 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in Nutrien by 39.6% in the second quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the company’s stock worth $58,000 after purchasing an additional 308 shares in the last quarter. Tdam USA Inc. raised its holdings in Nutrien by 2.3% in the second quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock worth $730,000 after purchasing an additional 310 shares in the last quarter. Sprott Inc. raised its holdings in Nutrien by 4.4% in the second quarter. Sprott Inc. now owns 7,546 shares of the company’s stock worth $403,000 after purchasing an additional 315 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its holdings in Nutrien by 63.8% in the second quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 65.42% of the company’s stock.
Nutrien (NYSE:NTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, sell-side analysts predict that Nutrien will post 2.38 earnings per share for the current fiscal year.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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