Scotiabank Reaffirms "Sector Perform" Rating for Nutrien (NYSE:NTR)

Nutrien (NYSE:NTR - Get Free Report)'s stock had its "sector perform" rating reissued by stock analysts at Scotiabank in a note issued to investors on Wednesday, MarketBeat.com reports. They presently have a $62.00 price objective on the stock. Scotiabank's price target indicates a potential upside of 7.13% from the stock's current price.

Several other equities analysts have also issued reports on the company. TD Securities lifted their price target on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Oppenheimer raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Berenberg Bank raised their target price on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada boosted their price target on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $61.44.

Nutrien Stock Down 0.1%

NTR traded down $0.03 during trading on Wednesday, reaching $57.87. The stock had a trading volume of 484,838 shares, compared to its average volume of 2,414,208. The stock's 50 day moving average is $52.62 and its two-hundred day moving average is $50.30. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $28.26 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 1.19 and a beta of 0.79. Nutrien has a one year low of $43.69 and a one year high of $60.87.

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

Institutional Trading of Nutrien

A number of institutional investors have recently bought and sold shares of NTR. Fairway Wealth LLC purchased a new stake in Nutrien in the fourth quarter worth $27,000. HHM Wealth Advisors LLC lifted its holdings in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its holdings in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien during the 4th quarter valued at about $35,000. Finally, Harbour Investments Inc. lifted its holdings in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares in the last quarter. 63.10% of the stock is currently 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.