Citigroup Cuts Nutrien (TSE:NTR) Price Target to C$99.00

Nutrien (TSE:NTRGet Rating) had its price target dropped by analysts at Citigroup to C$99.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential downside of 8.86% from the company’s previous close.

A number of other research firms also recently issued reports on NTR. Barclays assumed coverage on shares of Nutrien in a research note on Wednesday, June 1st. They set a “buy” rating and a C$116.00 price objective on the stock. Piper Sandler reiterated a “buy” rating and set a C$125.00 price objective on shares of Nutrien in a research note on Tuesday, May 31st. Raymond James restated a “buy” rating and issued a C$121.00 target price on shares of Nutrien in a research note on Friday, February 18th. Atlantic Securities upgraded shares of Nutrien to a “hold” rating and set a C$79.00 target price for the company in a research note on Friday, February 18th. Finally, Scotiabank downgraded shares of Nutrien from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, March 28th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$99.08.

Shares of TSE NTR traded down C$1.64 during mid-day trading on Friday, hitting C$108.63. 1,691,563 shares of the company’s stock traded hands, compared to its average volume of 1,794,318. The company’s 50-day moving average is C$126.63 and its two-hundred day moving average is C$110.97. The company has a debt-to-equity ratio of 50.24, a current ratio of 1.14 and a quick ratio of 0.47. The company has a market capitalization of C$59.89 billion and a P/E ratio of 11.15. Nutrien has a 1 year low of C$71.40 and a 1 year high of C$147.93.

Nutrien (TSE:NTRGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The company reported C$3.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.27 by C$0.15. The firm had revenue of C$9.70 billion during the quarter, compared to analysts’ expectations of C$9.86 billion. Equities analysts anticipate that Nutrien will post 17.4799988 EPS for the current fiscal year.

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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