Berenberg Bank reissued their hold rating on shares of Nutrien (NYSE:NTR) in a research note published on Wednesday morning, AnalystRatings.com reports. They currently have a $50.00 target price on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Nutrien from $54.00 to $50.00 and set a neutral rating for the company in a report on Wednesday, October 2nd. Consumer Edge assumed coverage on shares of Nutrien in a report on Monday, September 23rd. They set an overweight rating and a $67.00 price target for the company. BMO Capital Markets set a $60.00 price target on shares of Nutrien and gave the stock a buy rating in a report on Wednesday, July 31st. Raymond James reaffirmed a strong-buy rating and set a $65.00 price target on shares of Nutrien in a report on Thursday, October 31st. Finally, Zacks Investment Research downgraded shares of Nutrien from a hold rating to a sell rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $61.00.

NYSE NTR traded down $0.20 during trading on Wednesday, reaching $49.11. The company’s stock had a trading volume of 668,298 shares, compared to its average volume of 1,529,199. The firm has a 50 day moving average price of $49.38 and a 200 day moving average price of $50.97. Nutrien has a 12 month low of $43.96 and a 12 month high of $56.66. The company has a current ratio of 1.35, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.12). Nutrien had a return on equity of 6.44% and a net margin of 20.95%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Nutrien will post 2.38 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Carroll Financial Associates Inc. increased its position in Nutrien by 11.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,843 shares of the company’s stock valued at $152,000 after acquiring an additional 284 shares during the period. Cornerstone Advisors Inc. increased its position in Nutrien by 39.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the company’s stock valued at $58,000 after acquiring an additional 308 shares during the period. Tdam USA Inc. increased its position in Nutrien by 2.3% in the 2nd quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock valued at $730,000 after acquiring an additional 310 shares during the period. Sprott Inc. increased its position in Nutrien by 4.4% in the 2nd quarter. Sprott Inc. now owns 7,546 shares of the company’s stock valued at $403,000 after acquiring an additional 315 shares during the period. Finally, Coastal Investment Advisors Inc. increased its position in Nutrien by 63.8% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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