Nutrien (NYSE:NTR) Stock Rating Lowered by Zacks Research

Key Points

• Nutrien has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment towards the stock.
• Analysts from TD Securities and Morgan Stanley have raised their price targets for Nutrien to $72.00 and $65.00, respectively, suggesting mixed outlooks among different analysts.
• As of the latest quarter, Nutrien reported $2.65 EPS and a revenue of $10.30 billion, showing a slight year-over-year revenue increase despite falling short of consensus estimates.

Nutrien (NYSE:NTR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on NTR. Raymond James Financial downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a research report on Tuesday, June 17th. Oppenheimer raised their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. UBS Group cut their target price on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Barclays lifted their target price on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company lifted their target price on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $62.39.

Nutrien Stock Up 0.6%

Shares of NYSE NTR traded up $0.35 on Tuesday, reaching $56.58. 2,312,985 shares of the company's stock traded hands, compared to its average volume of 2,506,676. Nutrien has a 12 month low of $43.69 and a 12 month high of $65.08. The business's 50 day simple moving average is $57.95 and its two-hundred day simple moving average is $56.51. The company has a market cap of $27.45 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The business's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Nutrien will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NTR. Harbour Investments Inc. grew its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Huntington National Bank increased its holdings in shares of Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company's stock worth $38,000 after buying an additional 276 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company's stock worth $43,000 after buying an additional 219 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien in the 2nd quarter worth about $49,000. Finally, Allworth Financial LP increased its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

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.