Nutrien (NYSE:NTR) Price Target Lowered to $63.00 at UBS Group

Key Points

• UBS Group has lowered its price target for Nutrien from $64.00 to $63.00, maintaining a "neutral" rating, which indicates a potential upside of 12.61% from its current price.
• Multiple analysts have recently revised their ratings for Nutrien, with Raymond James downgrading it from "outperform" to "market perform," while Royal Bank of Canada reaffirmed its "outperform" rating.
• Nutrien reported a quarterly EPS of $2.65, surpassing estimates by $0.24, but its revenue of $10.30 billion fell short of the expected $10.40 billion.

Nutrien (NYSE:NTR - Get Free Report) had its price target decreased by analysts at UBS Group from $64.00 to $63.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target points to a potential upside of 12.61% from the company's current price.

Several other analysts have also recently commented on the stock. Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target on the stock. in a research note on Tuesday, June 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Wells Fargo & Company boosted their price objective on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Jefferies Financial Group reissued a "hold" rating and set a $66.00 price objective (up from $63.00) on shares of Nutrien in a report on Friday, July 11th. Finally, Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.33.

Nutrien Stock Performance

NTR traded down $2.01 during trading on Thursday, reaching $55.94. 4,117,650 shares of the company's stock were exchanged, compared to its average volume of 2,267,106. Nutrien has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $60.04 and a 200 day moving average price of $55.31. The company has a market capitalization of $27.24 billion, a P/E ratio of 52.24, a PEG ratio of 1.08 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter in the previous year, the company earned $2.34 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts predict that Nutrien will post 3.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Wealth Enhancement Advisory Services LLC raised its position in shares of Nutrien by 184.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after purchasing an additional 7,934 shares during the period. Farther Finance Advisors LLC lifted its holdings in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after purchasing an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Nutrien during the 1st quarter worth approximately $517,000. Bessemer Group Inc. lifted its holdings in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after purchasing an additional 1,049 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

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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