Nutrien Ltd (NYSE:NTR) Receives Average Rating of “Buy” from Analysts

Nutrien Ltd (NYSE:NTR) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $61.00.

Several equities analysts recently commented on NTR shares. Raymond James set a $65.00 target price on Nutrien and gave the stock a “strong-buy” rating in a research report on Wednesday, November 6th. Zacks Investment Research downgraded Nutrien from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Berenberg Bank restated a “hold” rating and set a $50.00 target price on shares of Nutrien in a research report on Wednesday, November 6th. BMO Capital Markets set a $60.00 target price on Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup set a $61.00 target price on Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st.

Shares of Nutrien stock traded down $0.62 during midday trading on Monday, hitting $48.49. 603,783 shares of the company were exchanged, compared to its average volume of 1,524,954. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 0.79. The firm has a market cap of $28.13 billion, a P/E ratio of 18.03, a PEG ratio of 2.61 and a beta of 0.90. Nutrien has a 52 week low of $43.96 and a 52 week high of $56.16. The firm has a 50 day simple moving average of $49.38 and a 200-day simple moving average of $50.97.

Nutrien (NYSE:NTR) last posted its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.02 billion. Nutrien had a return on equity of 6.44% and a net margin of 20.95%. Nutrien’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. Equities research analysts expect that Nutrien will post 2.38 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Carroll Financial Associates Inc. increased its stake in shares of 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 buying an additional 284 shares during the period. Cornerstone Advisors Inc. increased its stake in shares of 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 buying an additional 308 shares during the period. Tdam USA Inc. increased its stake in shares of 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 buying an additional 310 shares during the period. Sprott Inc. increased its stake in shares of 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 buying an additional 315 shares during the period. Finally, Coastal Investment Advisors Inc. increased its stake in shares of 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 buying an additional 362 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

About Nutrien

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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