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

Nutrien (NYSE:NTR - Get Free Report) had its target price lifted by investment analysts at Morgan Stanley from $60.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 11.94% from the stock's current price.

Other analysts have also recently issued research reports about the company. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Bank of America upped their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Barclays upped their price target on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. UBS Group upped their price target on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Berenberg Bank upped their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus price target of $62.12.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.02 during midday trading on Thursday, hitting $58.07. 4,120,758 shares of the company's stock traded hands, compared to its average volume of 2,199,505. Nutrien has a 1 year low of $43.70 and a 1 year high of $65.08. The stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 54.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The firm has a fifty day moving average of $58.33 and a 200 day moving average of $52.91.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 net margin of 2.05% and a return on equity of 6.08%. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. On average, analysts forecast that Nutrien will post 3.72 earnings per share for the current year.

Institutional Trading of Nutrien

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Nutrien by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock worth $1,051,709,000 after purchasing an additional 1,412,503 shares during the period. Dodge & Cox boosted its holdings in Nutrien by 0.3% during the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after acquiring an additional 40,800 shares during the period. First Eagle Investment Management LLC boosted its holdings in Nutrien by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock valued at $426,436,000 after acquiring an additional 77,174 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after acquiring an additional 1,284,181 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Nutrien by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock valued at $389,860,000 after acquiring an additional 54,918 shares during the period. 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.