Nutrien (NYSE:NTR) Price Target Cut to $58.00 by Analysts at UBS Group

Nutrien (NYSE:NTR) had its target price lowered by UBS Group from $63.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 3.25% from the company’s current price.

Several other analysts have also commented on the stock. Mizuho decreased their price target on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group reduced their price target on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. Finally, National Bankshares assumed coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.83.

Nutrien Trading Up 4.0%

Shares of Nutrien stock traded up $2.17 on Thursday, hitting $56.17. 2,278,475 shares of the company traded hands, compared to its average volume of 2,358,926. The stock’s 50 day moving average price is $57.46 and its 200-day moving average price is $58.18. The company has a market cap of $27.21 billion, a PE ratio of 20.12, a PEG ratio of 0.92 and a beta of 0.83. Nutrien has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Equities research analysts predict that Nutrien will post 3.72 EPS for the current year.

Institutional Trading of Nutrien

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Nutrien by 25.7% during the first quarter. Principal Financial Group Inc. now owns 142,879 shares of the company’s stock worth $7,090,000 after purchasing an additional 29,190 shares during the period. World Investment Advisors acquired a new position in shares of Nutrien in the 1st quarter valued at about $209,000. Bank of New York Mellon Corp grew its holdings in shares of Nutrien by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 499,678 shares of the company’s stock worth $24,819,000 after purchasing an additional 42,810 shares during the period. Envestnet Asset Management Inc. raised its holdings in Nutrien by 27.8% in the first quarter. Envestnet Asset Management Inc. now owns 222,727 shares of the company’s stock valued at $11,060,000 after buying an additional 48,464 shares during the period. Finally, Allworth Financial LP grew its stake in 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. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.