Nutrien (NYSE:NTR – Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $100.00 price target on the stock, up from their prior price target of $77.00. Wells Fargo & Company‘s price objective suggests a potential upside of 20.68% from the company’s previous close.
Several other equities research analysts also recently issued reports on NTR. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $77.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada raised their price target on shares of Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Finally, Oppenheimer lifted their target price on shares of Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $75.47.
Check Out Our Latest Stock Report on Nutrien
Nutrien Price Performance
Nutrien (NYSE:NTR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Nutrien will post 3.72 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nutrien
A number of hedge funds have recently modified their holdings of NTR. Vanguard Group Inc. grew its holdings in Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the period. Wellington Management Group LLP lifted its position in shares of Nutrien by 440.2% during the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after buying an additional 13,313,817 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after acquiring an additional 2,276,651 shares during the period. First Eagle Investment Management LLC increased its holdings in Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after acquiring an additional 70,068 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after acquiring an additional 189,683 shares during the period. Institutional investors own 63.10% of the company’s stock.
More Nutrien News
Here are the key news stories impacting Nutrien this week:
- Positive Sentiment: Analyst upgrades: Wells Fargo upgraded NTR to “overweight” with a $100 PT (from $77), signaling ~21% upside and boosting investor optimism. Wells Fargo Upgrade
- Positive Sentiment: Jefferies upgraded NTR from “hold” to “buy” and raised its PT to $96, reinforcing the bullish analyst momentum. Jefferies Upgrade
- Positive Sentiment: Sector tailwind: Multiple reports tie fertilizer-stock rallies to disruptions in the Middle East (Iran war), which is supporting fertilizer prices and margin outlooks for producers like Nutrien. MSN: Iran War & Fertilizers
- Positive Sentiment: Unusually large options activity: Traders bought ~17,115 call options (≈183% above average), suggesting bullish speculative interest or hedging into recent strength.
- Neutral Sentiment: Technical upside — analysts/commentary note a cup‑and‑handle forming and the stock hitting multi‑year highs, which can attract momentum buyers but also invites profit‑taking. Invezz: Technical Pattern
- Neutral Sentiment: Analyst caution: A Zacks write‑up that followed the big one‑day jump flagged that recent earnings‑estimate revision trends may not guarantee further near‑term upside, tempering runaway bullishness. Zacks Commentary
- Negative Sentiment: Recent fundamentals: Nutrien’s Feb. quarter missed consensus on EPS and revenue, which remains a concrete downside risk if fertilizer price strength proves short‑lived or agricultural demand softens.
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.
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