Nutrien (NYSE:NTR) Price Target Raised to $62.00 at Wells Fargo & Company

Nutrien (NYSE:NTR - Get Free Report) had its price target boosted by equities research analysts at Wells Fargo & Company from $59.00 to $62.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 6.21% from the company's current price.

Several other equities analysts have also commented on NTR. Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research report on Thursday, May 22nd. Bank of America increased their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Morgan Stanley increased their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Raymond James Financial downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price on the stock. in a research note on Tuesday, June 17th. Finally, Barclays increased their target price on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.78.

Nutrien Price Performance

Shares of NYSE:NTR traded down $0.08 during midday trading on Thursday, reaching $58.38. 459,902 shares of the company were exchanged, compared to its average volume of 2,184,361. Nutrien has a one year low of $43.70 and a one year high of $65.08. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The business's fifty day moving average is $59.61 and its two-hundred day moving average is $54.15. The stock has a market cap of $28.43 billion, a PE ratio of 54.56, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the business earned $0.46 EPS. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, analysts predict that Nutrien will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in Nutrien by 6.4% during the 4th quarter. HighTower Advisors LLC now owns 17,452 shares of the company's stock worth $781,000 after acquiring an additional 1,056 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Nutrien during the 4th quarter worth about $250,000. Commonwealth Equity Services LLC grew its holdings in Nutrien by 26.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 134,758 shares of the company's stock worth $6,030,000 after acquiring an additional 28,315 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Nutrien by 22.1% during the 4th quarter. Corient Private Wealth LLC now owns 33,254 shares of the company's stock worth $1,489,000 after acquiring an additional 6,027 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Nutrien by 64.5% during the 4th quarter. Signaturefd LLC now owns 12,198 shares of the company's stock worth $546,000 after acquiring an additional 4,782 shares in the last quarter. Hedge funds and other institutional investors 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.

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.