Nutrien (NYSE:NTR) Given Equal Weight Rating at Barclays

Nutrien (NYSE:NTR)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report issued on Tuesday,Benzinga reports. They presently have a $56.00 price objective on the stock, up from their previous price objective of $55.00. Barclays‘s price target suggests a potential upside of 8.56% from the company’s current price.

Other analysts have also issued research reports about the company. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Oppenheimer initiated coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and an average price target of $58.39.

Nutrien Trading Up 0.2 %

Shares of NTR stock opened at $51.59 on Tuesday. 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 stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.15 and a beta of 0.81. Nutrien has a 12-month low of $43.69 and a 12-month high of $60.87. The stock’s 50-day moving average price is $47.12 and its 200-day moving average price is $47.88.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts predict that Nutrien will post 3.5 EPS for the current fiscal year.

Institutional Trading of Nutrien

Hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new position in shares of Nutrien in the 3rd quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Nutrien in the second quarter worth about $52,000. Larson Financial Group LLC lifted its position in shares of Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after buying an additional 1,494 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in shares of Nutrien by 113.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after buying an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Nutrien by 56.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock worth $86,000 after buying an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

About Nutrien

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.