Nutrien (NYSE:NTR) Downgraded by Wall Street Zen to Hold

Nutrien (NYSE:NTR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. TD Securities boosted their price target on Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday. UBS Group boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Oppenheimer upped their target price on shares of Nutrien from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.24.

Nutrien Stock Up 2.7%

Nutrien stock opened at $75.07 on Friday. Nutrien has a fifty-two week low of $45.78 and a fifty-two week high of $75.73. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 16.11 and a beta of 0.73. The stock’s fifty day moving average is $67.31 and its two-hundred day moving average is $61.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Nutrien’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts predict that Nutrien will post 3.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutrien

Hedge funds have recently modified their holdings of the stock. Montag A & Associates Inc. boosted its holdings in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Nutrien during the third quarter valued at approximately $37,000. Sfam LLC acquired a new position in shares of Nutrien during the fourth quarter worth $37,000. Huntington National Bank lifted its position in shares of Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares in the last quarter. Finally, Eastern Bank boosted its stake in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after purchasing an additional 399 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

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.