Zacks Research Downgrades Nutrien (NYSE:NTR) to Hold

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 note issued to investors on Tuesday,Zacks.com reports.

NTR has been the topic of several other reports. UBS Group decreased their price target on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Oppenheimer lifted their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Scotiabank dropped their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. TD Securities raised their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average price target of $62.39.

Nutrien Stock Performance

NYSE NTR traded up $0.42 on Tuesday, hitting $57.03. 2,227,513 shares of the stock were exchanged, compared to its average volume of 2,556,625. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The business's fifty day moving average is $57.87 and its 200 day moving average is $56.59. Nutrien has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a market capitalization of $27.67 billion, a PE ratio of 20.44, a P/E/G ratio of 0.93 and a beta of 0.77.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board lifted its position in shares of Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company's stock valued at $43,000 after acquiring an additional 219 shares in the last quarter. Blume Capital Management Inc. increased its stake in shares of Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after acquiring an additional 220 shares in the last quarter. Murphy Pohlad Asset Management LLC increased its stake in shares of Nutrien by 0.4% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company's stock valued at $3,438,000 after acquiring an additional 236 shares in the last quarter. Finally, Weatherly Asset Management L. P. increased its stake in shares of Nutrien by 0.7% in the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

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.