Nutrien (NYSE:NTR) Price Target Raised to $65.00

Key Points

• Wells Fargo & Company has raised its price target for Nutrien (NYSE:NTR) from $61.00 to **$65.00**, suggesting a potential upside of **13.18%** from the last close.
• Nutrien's recent earnings report showed an EPS of **$2.65**, exceeding analysts' expectations, although revenue slightly fell short of projections at **$10.30 billion**.
• As of the latest reviews, Nutrien's average rating is **"Hold"** with an average price target of **$62.78**, reflecting a mix of analyst opinions, including one Strong Buy and 14 Holds.

Nutrien (NYSE:NTR - Get Free Report) had its price objective lifted by Wells Fargo & Company from $61.00 to $65.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 13.18% from the company's previous close.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Nutrien in a report on Wednesday, October 8th. Zacks Research downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 16th. Jefferies Financial Group decreased their price objective on Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a report on Tuesday, September 9th. Morgan Stanley increased their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, TD Securities increased their price objective on Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.78.

Nutrien Trading Down 1.2%

Shares of Nutrien stock traded down $0.70 during midday trading on Thursday, reaching $57.43. 104,344 shares of the company's stock traded hands, compared to its average volume of 2,374,933. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $27.87 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. The stock has a 50 day moving average of $57.72 and a 200-day moving average of $57.42. Nutrien has a 12 month low of $43.69 and a 12 month high of $65.08.

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

Institutional Investors Weigh In On Nutrien

Institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in shares of Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Huntington National Bank boosted its position 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 buying an additional 276 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 buying an additional 219 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Nutrien during the second quarter valued at $49,000. Finally, Allworth Financial LP boosted its position 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 buying an additional 506 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

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.

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