Nutrien Ltd. (NYSE:NTR – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,830,000 shares, a decrease of 18.5% from the March 31st total of 4,700,000 shares. Based on an average daily volume of 1,950,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the shares of the company are sold short.
Nutrien Trading Up 1.0 %
NTR stock traded up $0.50 during trading on Friday, hitting $52.55. The company had a trading volume of 1,227,851 shares, compared to its average volume of 1,711,381. The business has a 50-day moving average of $53.23 and a 200-day moving average of $54.03. Nutrien has a one year low of $47.90 and a one year high of $70.07. The stock has a market cap of $25.99 billion, a PE ratio of 20.77, a PEG ratio of 1.96 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35.
Nutrien (NYSE:NTR – Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the company earned $2.02 earnings per share. The business’s revenue was down 24.8% on a year-over-year basis. Research analysts predict that Nutrien will post 3.82 earnings per share for the current fiscal year.
Nutrien Increases Dividend
Analyst Ratings Changes
Several equities analysts recently commented on NTR shares. Jefferies Financial Group started coverage on shares of Nutrien in a research note on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective for the company. Raymond James lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $80.00 to $65.00 in a report on Friday, January 12th. Piper Sandler lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $68.00 to $54.00 in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Wolfe Research initiated coverage on shares of Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.95.
Read Our Latest Stock Report on Nutrien
Hedge Funds Weigh In On Nutrien
A number of institutional investors and hedge funds have recently modified their holdings of the business. Weatherly Asset Management L. P. boosted its holdings in shares of Nutrien by 1.7% during the 1st quarter. Weatherly Asset Management L. P. now owns 42,787 shares of the company’s stock worth $2,347,000 after buying an additional 725 shares in the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of Nutrien by 245.9% during the 1st quarter. K.J. Harrison & Partners Inc now owns 50,054 shares of the company’s stock worth $2,718,000 after buying an additional 35,583 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Nutrien by 6.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 21,767 shares of the company’s stock worth $1,182,000 after buying an additional 1,323 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of Nutrien by 13.3% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 10,144 shares of the company’s stock worth $551,000 after purchasing an additional 1,187 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Nutrien during the first quarter worth approximately $381,000. 63.10% of the stock is currently owned by institutional investors.
Nutrien Company Profile
Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.
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