Nutrien (NYSE:NTR) Price Target Raised to $130.00

Nutrien (NYSE:NTRGet Rating) had its target price boosted by equities researchers at TD Securities from $125.00 to $130.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 25.58% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Mizuho boosted their price target on shares of Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. Citigroup boosted their price target on shares of Nutrien from $89.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, March 22nd. Barclays boosted their price target on shares of Nutrien from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, February 18th. Scotiabank downgraded shares of Nutrien from a “sector outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Finally, Piper Sandler raised shares of Nutrien from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $87.00 to $112.00 in a report on Monday, March 7th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $102.20.

NTR stock opened at $103.52 on Wednesday. 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 has a 1-year low of $57.08 and a 1-year high of $117.25. The firm has a fifty day moving average price of $102.12 and a two-hundred day moving average price of $82.01. The firm has a market cap of $57.20 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.93 and a beta of 0.87.

Nutrien (NYSE:NTRGet Rating) last released its earnings results on Wednesday, February 16th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.17. Nutrien had a net margin of 14.34% and a return on equity of 20.77%. The firm had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, analysts expect that Nutrien will post 14.95 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Regency Capital Management Inc. DE raised its holdings in Nutrien by 24.1% during the 1st quarter. Regency Capital Management Inc. DE now owns 25,431 shares of the company’s stock worth $2,645,000 after buying an additional 4,938 shares during the period. Berkeley Capital Partners LLC increased its holdings in shares of Nutrien by 114.1% in the 1st quarter. Berkeley Capital Partners LLC now owns 9,918 shares of the company’s stock valued at $1,031,000 after purchasing an additional 5,285 shares during the period. Aigen Investment Management LP increased its holdings in shares of Nutrien by 140.1% in the 1st quarter. Aigen Investment Management LP now owns 17,254 shares of the company’s stock valued at $1,794,000 after purchasing an additional 10,067 shares during the period. Peregrine Asset Advisers Inc. acquired a new position in shares of Nutrien in the 1st quarter valued at about $416,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Nutrien by 242.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 404 shares of the company’s stock valued at $42,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Nutrien Company Profile (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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