Nutrien (NYSE:NTR) PT Lowered to $52.00

Nutrien (NYSE:NTR) had its price target reduced by UBS Group from $56.00 to $52.00 in a report issued on Wednesday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. TheStreet raised shares of Nutrien from a c rating to a b- rating in a report on Friday, November 8th. Stephens cut shares of Nutrien from an overweight rating to an equal weight rating and lowered their price target for the stock from $68.00 to $55.00 in a report on Thursday, January 23rd. Sanford C. Bernstein cut shares of Nutrien from an outperform rating to a market perform rating and lowered their price target for the stock from $68.00 to $53.00 in a report on Wednesday, January 15th. Berenberg Bank reaffirmed a hold rating and issued a $50.00 price target on shares of Nutrien in a report on Wednesday, November 6th. Finally, Morgan Stanley lowered their price target on shares of Nutrien from $54.00 to $50.00 and set an equal weight rating on the stock in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $55.25.

Shares of NYSE:NTR traded up $1.17 during mid-day trading on Wednesday, reaching $43.17. The company had a trading volume of 128,599 shares, compared to its average volume of 1,826,937. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.82 and a beta of 0.96. The company’s 50-day moving average price is $45.02 and its 200-day moving average price is $48.22. Nutrien has a one year low of $40.95 and a one year high of $56.00.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. Nutrien had a return on equity of 5.36% and a net margin of 4.98%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. On average, research analysts anticipate that Nutrien will post 2.84 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Americana Partners LLC purchased a new stake in shares of Nutrien in the fourth quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in shares of Nutrien by 135.0% in the fourth quarter. Parallel Advisors LLC now owns 604 shares of the company’s stock worth $29,000 after buying an additional 347 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Nutrien by 83.4% in the fourth quarter. LS Investment Advisors LLC now owns 930 shares of the company’s stock worth $45,000 after buying an additional 423 shares in the last quarter. First Interstate Bank lifted its holdings in shares of Nutrien by 470.6% in the third quarter. First Interstate Bank now owns 970 shares of the company’s stock worth $48,000 after buying an additional 800 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Nutrien in the fourth quarter worth about $64,000. 62.65% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Nutrien (NYSE:NTR)

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