Nutrien (NYSE:NTR) Price Target Raised to $64.00 at UBS Group

Nutrien (NYSE:NTR - Get Free Report) had its price target upped by investment analysts at UBS Group from $56.00 to $64.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 6.50% from the stock's previous close.

A number of other analysts have also issued reports on NTR. Barclays lifted their price target on Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Scotiabank downgraded Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a research report on Thursday, May 22nd. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Finally, Raymond James Financial downgraded Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective on the stock. in a research report on Tuesday, June 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.22.

Nutrien Price Performance

NTR stock traded down $0.20 during mid-day trading on Wednesday, reaching $60.09. 986,871 shares of the company's stock were exchanged, compared to its average volume of 1,681,900. The company has a market cap of $29.27 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. The stock's 50 day moving average is $60.04 and its 200 day moving average is $54.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. Nutrien has a 12-month low of $43.69 and a 12-month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, research analysts expect that Nutrien will post 3.72 EPS for the current year.

Institutional Investors Weigh In On Nutrien

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake 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 buying an additional 7,934 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after buying an additional 1,002 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Nutrien in the first quarter valued at $517,000. Bessemer Group Inc. grew its stake 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in Nutrien by 4.5% during the 4th quarter. American Century Companies Inc. now owns 450,663 shares of the company's stock worth $20,165,000 after purchasing an additional 19,573 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

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.