Nutrien (NYSE:NTR) Downgraded to Hold Rating by Zacks Research

Nutrien (NYSE:NTR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

NTR has been the topic of several other research reports. TD Securities boosted their price target on shares of Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Barclays lifted their target price on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday. Scotiabank increased their price target on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Morgan Stanley upgraded Nutrien from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.00 to $77.00 in a report on Wednesday, January 14th. Finally, UBS Group upped their price objective on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.82.

Nutrien Trading Down 1.8%

NTR stock opened at $74.39 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70. Nutrien has a 1-year low of $45.78 and a 1-year high of $78.00. The business has a 50 day simple moving average of $67.79 and a two-hundred day simple moving average of $61.54. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the business earned $0.31 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Nutrien by 65.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after acquiring an additional 9,950 shares during the period. NewEdge Advisors LLC grew its holdings in Nutrien by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth purchased a new stake in Nutrien in the 1st quarter worth about $516,000. Acadian Asset Management LLC bought a new stake in Nutrien in the first quarter worth about $54,000. Finally, Envestnet Asset Management Inc. lifted its stake in Nutrien by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 253,960 shares of the company’s stock worth $14,786,000 after purchasing an additional 31,233 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.