Mizuho Forecasts Strong Price Appreciation for Nutrien (NYSE:NTR) Stock

Nutrien (NYSE:NTR) had its target price boosted by equities researchers at Mizuho from $52.00 to $55.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 4.41% from the company’s current price.

A number of other brokerages have also recently issued reports on NTR. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 price objective (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. TD Securities decreased their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group increased their price target on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average target price of $59.39.

Nutrien Stock Down 0.9 %

NTR stock opened at $52.68 on Thursday. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 1.17 and a beta of 0.81. Nutrien has a twelve month low of $43.69 and a twelve month high of $60.87. The business has a 50 day moving average price of $49.41 and a two-hundred day moving average price of $48.23. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutrien

Institutional investors have recently made changes to their positions in the stock. Uncommon Cents Investing LLC raised its holdings in Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after acquiring an additional 235 shares in the last quarter. Rhumbline Advisers increased its position in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after purchasing an additional 247 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after purchasing an additional 263 shares in the last quarter. FFT Wealth Management LLC lifted its position in Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after purchasing an additional 277 shares during the period. Finally, Meixler Investment Management Ltd. grew its stake in Nutrien by 4.2% during the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock worth $344,000 after buying an additional 288 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

About Nutrien

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.