Nutrien (NYSE:NTR – Get Free Report) had its price target reduced by equities researchers at Mizuho from $77.00 to $75.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 10.87% from the stock’s current price.
NTR has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce decreased their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.
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Nutrien Stock Performance
Nutrien (NYSE:NTR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Nutrien will post 5.19 earnings per share for the current year.
Hedge Funds Weigh In On Nutrien
Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Guggenheim Capital LLC boosted its stake in shares of Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after acquiring an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC lifted its holdings in Nutrien by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after purchasing an additional 164 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in Nutrien by 15.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after purchasing an additional 164 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after purchasing an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.
Nutrien Company Profile
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.
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