Nutrien Ltd. (NYSE:NTR) Given Average Rating of “Hold” by Brokerages

Nutrien Ltd. (NYSE:NTR) has been assigned a consensus rating of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.3125.

A number of brokerages have recently issued reports on NTR. Bank of America reaffirmed a “neutral” rating and set a $67.00 target price on shares of Nutrien in a research report on Tuesday, October 14th. Morgan Stanley upgraded Nutrien from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $77.00 in a research note on Wednesday, January 14th. Wells Fargo & Company assumed coverage on Nutrien in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price on the stock. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research note on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Nutrien from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st.

Hedge Funds Weigh In On Nutrien

Several large investors have recently modified their holdings of NTR. Montag A & Associates Inc. increased its holdings in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Nutrien in the 3rd quarter valued at approximately $37,000. Huntington National Bank raised its position in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares in the last quarter. Eastern Bank raised its position in shares of Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 1.0%

NTR opened at $68.67 on Monday. The firm’s 50 day moving average is $64.06 and its 200-day moving average is $59.88. Nutrien has a 52-week low of $45.78 and a 52-week high of $73.07. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $33.10 billion, a P/E ratio of 18.51 and a beta of 0.73.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the business earned $0.39 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Analysts expect that Nutrien will post 3.72 EPS for the current fiscal year.

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.