Nutrien (NYSE:NTR) Price Target Cut to $61.00

Nutrien (NYSE:NTR) had its price target reduced by equities researchers at Susquehanna Bancshares from $65.00 to $61.00 in a report issued on Tuesday, The Fly reports. Susquehanna Bancshares’ price target indicates a potential upside of 30.57% from the stock’s previous close.

Several other equities research analysts have also recently commented on NTR. Berenberg Bank reissued a “hold” rating and issued a $50.00 price target on shares of Nutrien in a research note on Wednesday, November 6th. ValuEngine raised Nutrien from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James set a $65.00 price target on Nutrien and gave the company a “strong-buy” rating in a research note on Wednesday, November 6th. UBS Group set a $62.00 price target on Nutrien and gave the company a “buy” rating in a research note on Tuesday, August 27th. Finally, Bank of America raised Nutrien from an “underperform” rating to a “neutral” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.00.

Shares of NYSE NTR opened at $46.72 on Tuesday. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.71 and a beta of 0.90. The business has a 50 day simple moving average of $49.07 and a 200 day simple moving average of $50.69. Nutrien has a 52 week low of $43.96 and a 52 week high of $56.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 1.28.

Nutrien (NYSE:NTR) last announced its quarterly 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 firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.02 billion. Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts predict that Nutrien will post 2.28 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Beutel Goodman & Co Ltd. boosted its position in Nutrien by 5.7% during the second quarter. Beutel Goodman & Co Ltd. now owns 13,435,410 shares of the company’s stock worth $718,661,000 after purchasing an additional 718,508 shares during the period. Invesco Ltd. boosted its position in Nutrien by 0.7% during the second quarter. Invesco Ltd. now owns 10,145,011 shares of the company’s stock worth $542,352,000 after purchasing an additional 66,593 shares during the period. Mackenzie Financial Corp boosted its position in Nutrien by 11.3% during the second quarter. Mackenzie Financial Corp now owns 8,580,722 shares of the company’s stock worth $458,725,000 after purchasing an additional 872,389 shares during the period. Schroder Investment Management Group boosted its position in Nutrien by 1.4% during the second quarter. Schroder Investment Management Group now owns 8,319,990 shares of the company’s stock worth $552,612,000 after purchasing an additional 117,187 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Nutrien by 1.7% during the third quarter. Great West Life Assurance Co. Can now owns 5,498,521 shares of the company’s stock worth $274,841,000 after purchasing an additional 91,897 shares during the period. 65.90% of the stock is owned by hedge funds and other institutional investors.

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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