Nutrien (NYSE:NTR) Upgraded to B- at TheStreet

Nutrien (NYSE:NTR) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus reduced their price target on shares of Nutrien from $63.00 to $62.00 and set a “buy” rating for the company in a report on Friday, October 4th. Zacks Investment Research lowered shares of Nutrien from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Berenberg Bank restated a “hold” rating and issued a $50.00 price target on shares of Nutrien in a report on Wednesday, November 6th. Consumer Edge started coverage on shares of Nutrien in a report on Monday, September 23rd. They issued an “overweight” rating and a $67.00 price target for the company. Finally, CIBC set a $70.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.00.

Shares of NYSE:NTR traded up $0.06 during trading hours on Friday, hitting $48.55. The company’s stock had a trading volume of 12,692 shares, compared to its average volume of 1,236,805. Nutrien has a 52 week low of $43.96 and a 52 week high of $56.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.77. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 2.58 and a beta of 0.90. The firm’s fifty day moving average price is $49.27 and its 200 day moving average price is $50.92.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.12). Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that Nutrien will post 2.38 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Birch Hill Investment Advisors LLC raised its stake in shares of Nutrien by 8.5% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 312,747 shares of the company’s stock worth $16,719,000 after acquiring an additional 24,610 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new position in Nutrien during the 2nd quarter valued at approximately $2,749,000. Envestnet Asset Management Inc. increased its stake in Nutrien by 63.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 320,058 shares of the company’s stock valued at $17,120,000 after purchasing an additional 124,251 shares in the last quarter. ETRADE Capital Management LLC increased its stake in Nutrien by 134.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 46,622 shares of the company’s stock valued at $2,492,000 after purchasing an additional 26,777 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in Nutrien by 3.2% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 164,089 shares of the company’s stock valued at $8,185,000 after purchasing an additional 5,102 shares in the last quarter. Hedge funds and other institutional investors own 65.42% of the company’s stock.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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