Nutrien (NYSE:NTR) Given Hold (C) Rating at Weiss Ratings

Key Points

• Nutrien's stock has been given a "hold (C)" rating by Weiss Ratings, reaffirming its status amid cautious analyst ratings.
• The company reported $2.65 earnings per share for the last quarter, exceeding expectations, with a net margin of 5.25% and a revenue increase of 2.8% year-over-year.
• Overall, Nutrien has a consensus rating of "Hold" with an average price target of $62.78 from various analysts.

Nutrien (NYSE:NTR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

A number of other analysts have also issued reports on NTR. Wells Fargo & Company reissued a "cautious" rating on shares of Nutrien in a research note on Thursday, October 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. TD Securities upped their price objective on shares of Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. National Bankshares started coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating and a $64.00 price objective for the company. Finally, Barclays upped their price objective on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and an average price target of $62.78.

Nutrien Stock Up 0.6%

Shares of NTR opened at $58.18 on Friday. The firm has a market capitalization of $28.18 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.82. Nutrien has a 12-month low of $43.69 and a 12-month high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $57.84 and a 200-day moving average price of $57.90.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion during 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 business's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. Equities research analysts expect that Nutrien will post 3.72 earnings per share for the current year.

Hedge Funds Weigh In On Nutrien

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. increased its holdings 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 acquiring an additional 348 shares in the last quarter. Huntington National Bank increased its holdings in shares of Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company's stock valued at $38,000 after acquiring an additional 276 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Nutrien by 42.4% during the second 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. Trust Co. of Toledo NA OH acquired a new position in shares of Nutrien during the second quarter valued at about $49,000. Finally, Allworth Financial LP increased its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds 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.

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