Oppenheimer Issues Positive Forecast for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR - Get Free Report) had its target price lifted by Oppenheimer from $63.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price target indicates a potential upside of 11.15% from the stock's current price.

A number of other research analysts have also recently weighed in on NTR. TD Securities lifted their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. UBS Group boosted their price target on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group boosted their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Bank of America boosted their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Barclays boosted their price target on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average price target of $62.61.

Nutrien Price Performance

Shares of NTR traded down $1.40 during trading hours on Tuesday, reaching $58.48. 2,610,946 shares of the stock traded hands, compared to its average volume of 2,190,841. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Nutrien has a 52-week low of $43.70 and a 52-week high of $65.08. The company's 50-day moving average price is $59.57 and its two-hundred day moving average price is $54.12. The company has a market cap of $28.48 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter last year, the firm posted $0.46 EPS. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Nutrien will post 3.72 earnings per share for the current year.

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its stake in shares of Nutrien by 0.4% during the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after buying an additional 200 shares during the period. Blume Capital Management Inc. lifted its stake in shares of Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock worth $1,579,000 after buying an additional 220 shares during the period. Weatherly Asset Management L. P. lifted its stake in shares of Nutrien by 0.7% during the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock worth $2,280,000 after buying an additional 266 shares during the period. Tidal Investments LLC lifted its stake in shares of Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after buying an additional 293 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its stake in shares of Nutrien by 5.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock worth $275,000 after buying an additional 309 shares during the period. 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.