Raymond James Lowers Nutrien (NYSE:NTR) Price Target to $90.00

Nutrien (NYSE:NTRGet Rating) had its price objective cut by research analysts at Raymond James from $95.00 to $90.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 19.73% from the stock’s previous close.

NTR has been the subject of a number of other reports. BMO Capital Markets cut their price objective on Nutrien from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Mizuho reduced their price target on shares of Nutrien from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley dropped their price objective on shares of Nutrien from $100.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday. Credit Suisse Group set a $65.00 target price on Nutrien and gave the stock an “underperform” rating in a report on Monday, January 9th. Finally, UBS Group set a $103.00 price target on Nutrien and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.06.

Nutrien Price Performance

NYSE:NTR opened at $75.17 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 0.70. Nutrien has a one year low of $67.41 and a one year high of $117.25. The company has a fifty day moving average price of $76.37 and a 200 day moving average price of $81.92. The stock has a market cap of $38.18 billion, a P/E ratio of 5.35, a PEG ratio of 0.78 and a beta of 0.86.

Nutrien (NYSE:NTRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.92 by ($1.41). The firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $9.02 billion. Nutrien had a net margin of 20.60% and a return on equity of 29.68%. Analysts anticipate that Nutrien will post 13.55 earnings per share for the current year.

Institutional Investors Weigh In On Nutrien

A number of hedge funds and other institutional investors have recently made changes to their positions in NTR. Zions Bancorporation N.A. raised its position in Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after buying an additional 107 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Nutrien by 0.3% in the second quarter. Crossmark Global Holdings Inc. now owns 38,626 shares of the company’s stock valued at $3,078,000 after purchasing an additional 124 shares during the last quarter. Cadence Wealth Management LLC lifted its position in shares of Nutrien by 3.7% in the second quarter. Cadence Wealth Management LLC now owns 3,489 shares of the company’s stock worth $278,000 after purchasing an additional 126 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in Nutrien by 0.9% during the second quarter. Centaurus Financial Inc. now owns 14,753 shares of the company’s stock worth $1,176,000 after purchasing an additional 127 shares during the last quarter. Finally, Van Strum & Towne Inc. grew its position in Nutrien by 1.0% in the second quarter. Van Strum & Towne Inc. now owns 13,981 shares of the company’s stock valued at $1,114,000 after purchasing an additional 135 shares in the last quarter. 64.52% of the stock is currently owned by institutional investors and hedge funds.

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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