Nutrien (NYSE:NTR) Downgraded to “Neutral” at UBS Group

Nutrien (NYSE:NTR) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $51.00 target price on the stock, down from their prior target price of $66.00. UBS Group’s price objective suggests a potential upside of 4.02% from the stock’s previous close.

Several other brokerages also recently commented on NTR. Mizuho reduced their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. TD Securities decreased their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. BMO Capital Markets reduced their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Barclays cut their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.67.

Nutrien Stock Performance

NYSE:NTR opened at $49.03 on Thursday. The firm has a market capitalization of $24.26 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. Nutrien has a 12-month low of $44.65 and a 12-month high of $62.53. The firm has a 50-day moving average price of $47.49 and a 200 day moving average price of $51.43.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. Nutrien’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. Research analysts anticipate that Nutrien will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nutrien

Hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter valued at $2,639,000. Vanguard Group Inc. grew its stake in Nutrien by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock valued at $1,025,790,000 after acquiring an additional 158,161 shares during the period. SG Americas Securities LLC increased its holdings in shares of Nutrien by 370.1% in the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after acquiring an additional 45,695 shares in the last quarter. Royal Fund Management LLC increased its holdings in shares of Nutrien by 88.6% in the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock worth $1,477,000 after acquiring an additional 14,434 shares in the last quarter. Finally, BNP Paribas acquired a new stake in shares of Nutrien during the first quarter worth about $1,146,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Company Profile

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.