Nutrien (NYSE:NTR) PT Set at $85.00 by RBC Dominion Securities

Key Points

• RBC Dominion Securities set an $85 price target for Nutrien and maintained an “outperform” rating, implying roughly 21.5% upside from the stock’s $69.97 price.
• Analyst sentiment is generally positive: 18 analysts rate Nutrien a Buy, four rate it Hold, and one rates it Sell, producing a “Moderate Buy” consensus and an average target of $81.33.
• Nutrien’s latest quarterly revenue rose 3.6% year over year to $10.81 billion, although earnings of $2.61 per share missed estimates by $0.09; institutional investors own 63.1% of the company.

Nutrien (NYSE:NTR - Get Free Report) has been assigned a $85.00 price objective by stock analysts at RBC Dominion Securities in a report released on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. RBC Dominion Securities' target price would indicate a potential upside of 21.48% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Mizuho cut their price objective on shares of Nutrien from $77.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley lowered their target price on shares of Nutrien from $93.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the stock a "hold" rating in a research report on Wednesday, June 10th. BNP Paribas Exane raised shares of Nutrien from a "neutral" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Tuesday, July 28th. Finally, Scotia upgraded shares of Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price objective for the company in a report on Tuesday, June 30th. Eighteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Nutrien has an average rating of "Moderate Buy" and a consensus target price of $81.33.

Nutrien Stock Performance

NTR stock traded down $0.09 on Monday, reaching $69.97. The company's stock had a trading volume of 945,790 shares, compared to its average volume of 3,078,471. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a market capitalization of $33.32 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.75 and a beta of 0.68. The firm has a fifty day moving average of $72.89 and a two-hundred day moving average of $70.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the firm earned $2.65 EPS. The firm's revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that Nutrien will post 4.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Nutrien

A number of hedge funds and other institutional investors have recently modified their holdings of NTR. Bryn Mawr Trust Advisors LLC acquired a new stake in Nutrien during the second quarter valued at $8,363,000. BlackRock Inc. bought a new stake in shares of Nutrien in the 2nd quarter valued at approximately $220,942,000. Hikari Power Ltd acquired a new position in Nutrien in the second quarter worth approximately $9,443,000. Engineers Gate Manager LP raised its position in Nutrien by 665.4% during the second quarter. Engineers Gate Manager LP now owns 67,888 shares of the company's stock valued at $4,274,000 after acquiring an additional 59,018 shares in the last quarter. Finally, Nykredit A S bought a new position in Nutrien during the second quarter valued at approximately $8,980,000. Institutional investors and hedge funds own 63.10% of the company's stock.

About Nutrien

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.

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