Nutrien (NYSE:NTR) Raised to “Overweight” at Piper Sandler

Nutrien (NYSE:NTRGet Free Report) was upgraded by equities research analysts at Piper Sandler from an “underweight” rating to an “overweight” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $58.00 target price on the stock, up from their previous target price of $50.00. Piper Sandler’s price objective indicates a potential upside of 12.19% from the company’s previous close.

A number of other research firms have also recently issued reports on NTR. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $50.00 in a research report on Monday. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Finally, Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

Check Out Our Latest Analysis on NTR

Nutrien Price Performance

NYSE NTR opened at $51.70 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81. The company has a 50 day simple moving average of $46.90 and a 200-day simple moving average of $47.85. Nutrien has a 52-week low of $43.69 and a 52-week high of $60.87.

Nutrien (NYSE:NTRGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. Equities research analysts predict that Nutrien will post 3.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien in the third quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Nutrien in the 2nd quarter valued at $52,000. Larson Financial Group LLC grew its position in Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after purchasing an additional 1,494 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after purchasing an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Nutrien by 56.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after buying an additional 605 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Company Profile

(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.

Featured Articles

Analyst Recommendations for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.