Nutrien (NYSE:NTR) Price Target Raised to $70.00

Key Points

• TD Securities has raised Nutrien's price target from $67.00 to $70.00, suggesting a potential upside of 19.78% from the current price.
• Multiple analysts have updated their price targets for Nutrien, with the consensus target now at $63.39 and a general rating of "Hold."
• Nutrien's stock recently traded down 1.5% to $58.44, reflecting a year range of $43.69 to $65.08.

Nutrien (NYSE:NTR - Get Free Report) had its price target upped by analysts at TD Securities from $67.00 to $70.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 19.78% from the company's current price.

A number of other equities research analysts have also issued reports on NTR. Wells Fargo & Company upped their target price on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Barclays upped their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Berenberg Bank increased their price objective on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. UBS Group lifted their price target on Nutrien from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.39.

Nutrien Trading Down 1.5%

Shares of NYSE:NTR traded down $0.88 during midday trading on Friday, reaching $58.44. The company's stock had a trading volume of 914,089 shares, compared to its average volume of 2,260,239. Nutrien has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $60.12 and a 200 day moving average price of $55.11. The firm has a market cap of $28.45 billion, a price-to-earnings ratio of 54.58, a price-to-earnings-growth ratio of 1.09 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 analysts' consensus estimates of $0.35 by ($0.24). The firm had revenue of $4.67 billion during 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 last year, the business earned $0.46 earnings per share. Research analysts forecast that Nutrien will post 3.72 EPS for the current year.

Institutional Investors Weigh In On Nutrien

Several large investors have recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its holdings in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock valued at $2,349,000 after purchasing an additional 200 shares during the period. Blume Capital Management Inc. increased its position in shares of Nutrien by 0.7% during the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock worth $1,579,000 after purchasing an additional 220 shares in the last quarter. Weatherly Asset Management L. P. increased its holdings in Nutrien by 0.7% during the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after purchasing an additional 266 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Nutrien by 2.9% in the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after acquiring an additional 293 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in Nutrien by 5.9% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after purchasing an additional 309 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.

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