Nutrien (NYSE:NTR) PT Raised to $124.00 at Mizuho

Nutrien (NYSE:NTRGet Rating) had its price target upped by stock analysts at Mizuho from $94.00 to $124.00 in a report issued on Friday, The Fly reports. Mizuho’s target price would suggest a potential upside of 22.41% from the company’s previous close.

Several other equities research analysts have also weighed in on NTR. Atlantic Securities raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $68.00 to $79.00 in a report on Friday, February 18th. TD Securities lifted their price objective on Nutrien from $91.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, March 31st. Royal Bank of Canada lifted their price objective on Nutrien from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Raymond James lifted their price objective on Nutrien from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, March 17th. Finally, Barclays lifted their price objective on Nutrien from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, February 18th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Nutrien presently has an average rating of “Buy” and a consensus target price of $99.70.

Shares of Nutrien stock opened at $101.30 on Friday. Nutrien has a 1 year low of $54.85 and a 1 year high of $117.25. The firm has a market cap of $55.97 billion, a PE ratio of 18.35, a P/E/G ratio of 0.95 and a beta of 0.88. The stock has a fifty day moving average price of $99.54 and a 200-day moving average price of $80.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.11 and a quick ratio of 0.60.

Nutrien (NYSE:NTRGet Rating) last announced its earnings results on Wednesday, February 16th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.17. Nutrien had a return on equity of 15.31% and a net margin of 11.38%. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same period last year, the firm posted $0.24 EPS. The business’s revenue was up 83.6% compared to the same quarter last year. As a group, equities analysts anticipate that Nutrien will post 14.2 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Institute for Wealth Management LLC. bought a new stake in Nutrien in the 1st quarter worth approximately $269,000. Accel Wealth Management lifted its position in Nutrien by 56.1% in the 1st quarter. Accel Wealth Management now owns 1,260 shares of the company’s stock worth $131,000 after buying an additional 453 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. bought a new stake in Nutrien in the 1st quarter worth approximately $23,918,000. Ahrens Investment Partners LLC lifted its position in Nutrien by 718.4% in the 1st quarter. Ahrens Investment Partners LLC now owns 1,424 shares of the company’s stock worth $148,000 after buying an additional 1,250 shares during the last quarter. Finally, Alphastar Capital Management LLC bought a new stake in Nutrien in the 1st quarter worth approximately $264,000. Hedge funds and other institutional investors own 64.94% of the company’s stock.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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