Nutrien's (NTR) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Nutrien's stock has been reaffirmed with a "Hold (C)" rating by Weiss Ratings, amidst mixed reviews from various other research firms.
• The company's share price recently increased by 1.7% to $61.49, following its quarterly earnings report that surpassed earnings estimates.
• Institutional investors have shown increased interest in Nutrien, with several firms significantly boosting their positions during recent quarters.

Nutrien (NYSE:NTR - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently commented on NTR. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. UBS Group cut their price target on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Jefferies Financial Group lowered 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. Finally, Oppenheimer boosted their price objective on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Nutrien has a consensus rating of "Hold" and an average price target of $62.39.

Nutrien Stock Up 1.7%

Shares of NYSE:NTR traded up $1.05 during trading on Wednesday, hitting $61.49. The company's stock had a trading volume of 102,743 shares, compared to its average volume of 2,362,817. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock's 50-day moving average price is $57.66 and its two-hundred day moving average price is $57.12. The company has a market capitalization of $29.84 billion, a PE ratio of 22.04, a PEG ratio of 0.99 and a beta of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company's revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Nutrien will post 3.72 EPS for the current year.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. boosted its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after buying an additional 348 shares during the period. 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 worth $38,000 after buying an additional 276 shares during the period. 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 worth $43,000 after buying an additional 219 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Nutrien during the second quarter worth approximately $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 worth $50,000 after buying an additional 506 shares during the period. 63.10% of the stock is owned by 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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