Nutrien (NYSE:NTR) Price Target Cut to $61.00 by Analysts at TD Securities

Nutrien (NYSE:NTR) had its target price decreased by TD Securities from $63.00 to $61.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 29.37% from the stock’s previous close.

NTR has been the topic of several other reports. Mizuho reduced their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Scotiabank lowered their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Finally, BMO Capital Markets cut their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Trading Down 3.4 %

Nutrien stock traded down $1.68 during mid-day trading on Tuesday, hitting $47.15. The company’s stock had a trading volume of 1,010,322 shares, compared to its average volume of 1,953,535. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The business has a 50 day moving average price of $47.99 and a 200-day moving average price of $50.57. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, analysts forecast that Nutrien will post 3.82 EPS for the current year.

Institutional Trading of Nutrien

Institutional investors and hedge funds have recently bought and sold shares of the business. Lester Murray Antman dba SimplyRich boosted its stake in shares of Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock worth $461,000 after buying an additional 202 shares during the last quarter. FFT Wealth Management LLC grew its stake in shares of Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after purchasing an additional 220 shares during the period. Covestor Ltd increased its holdings in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares in the last quarter. MONECO Advisors LLC lifted its stake in shares of Nutrien by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after purchasing an additional 233 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after buying an additional 263 shares in the last quarter. 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.