Nutrien (NYSE:NTR) Downgraded by Raymond James to "Market Perform"

Nutrien (NYSE:NTR - Get Free Report) was downgraded by investment analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $68.00 price objective on the stock. Raymond James' target price would suggest a potential upside of 8.24% from the company's previous close.

NTR has been the topic of several other research reports. Bank of America increased their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. UBS Group raised their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. TD Securities lifted their target price on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, Barclays raised their price target on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.94.

Nutrien Trading Down 0.1%

Nutrien stock opened at $62.82 on Tuesday. Nutrien has a one year low of $43.70 and a one year high of $65.08. The company's fifty day moving average price is $56.67 and its two-hundred day moving average price is $52.15. 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 company has a market capitalization of $30.64 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. On average, analysts forecast that Nutrien will post 3.72 earnings per share for the current fiscal year.

Institutional Trading of Nutrien

A number of institutional investors and hedge funds have recently modified their holdings of NTR. Charles Schwab Investment Management Inc. increased its holdings in Nutrien by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after buying an additional 144,025 shares during the period. Sanctuary Advisors LLC lifted its stake in Nutrien by 12.3% during the fourth quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company's stock worth $1,647,000 after purchasing an additional 4,028 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in Nutrien by 5.4% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 58,591 shares of the company's stock valued at $2,622,000 after purchasing an additional 2,997 shares in the last quarter. US Bancorp DE grew its stake in shares of Nutrien by 29.6% in the 4th quarter. US Bancorp DE now owns 30,549 shares of the company's stock valued at $1,367,000 after purchasing an additional 6,975 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of Nutrien in the 4th quarter worth approximately $556,000. 63.10% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.