Nutrien (NYSE:NTR) Price Target Raised to $67.00

Nutrien (NYSE:NTR - Get Free Report) had its price objective upped by research analysts at TD Securities from $64.00 to $67.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective points to a potential upside of 19.74% from the company's previous close.

Several other analysts have also commented on NTR. UBS Group increased their target price on shares of Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday. Royal Bank of Canada raised their price objective on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, CIBC boosted their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.87.

Nutrien Price Performance

Shares of NYSE NTR traded up $0.33 during trading on Monday, reaching $55.96. The company had a trading volume of 1,263,966 shares, compared to its average volume of 2,125,675. The stock has a market capitalization of $27.32 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The stock has a 50-day moving average price of $51.97 and a two-hundred day moving average price of $49.98. Nutrien has a twelve month low of $43.70 and a twelve month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR - Get Free Report) last announced its 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 company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, sell-side analysts predict that Nutrien will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTR. Norges Bank acquired a new stake in shares of Nutrien during the fourth quarter worth about $241,958,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Nutrien by 159.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after purchasing an additional 3,341,169 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock worth $347,319,000 after purchasing an additional 2,291,518 shares during the last quarter. Vanguard Group Inc. increased its holdings in Nutrien by 7.1% in the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after buying an additional 1,412,503 shares during the last quarter. Finally, ARGA Investment Management LP lifted its holdings in Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company's stock worth $270,396,000 after buying an additional 1,236,671 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.

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.