Nutrien (NYSE:NTR) PT Raised to $70.00 at Credit Suisse Group

Nutrien (NYSE:NTRGet Rating) had its target price upped by equities researchers at Credit Suisse Group from $67.00 to $70.00 in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has an “underperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential downside of 16.47% from the stock’s current price.

A number of other brokerages have also issued reports on NTR. Barclays set a $126.00 price objective on shares of Nutrien in a report on Monday, June 13th. Raymond James raised their price objective on shares of Nutrien from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, May 4th. Royal Bank of Canada set a $135.00 price objective on shares of Nutrien in a report on Wednesday, July 13th. Piper Sandler increased their target price on shares of Nutrien from $112.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Finally, TD Securities decreased their target price on shares of Nutrien from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $106.72.

Nutrien Stock Up 1.6 %

Shares of NYSE NTR opened at $83.80 on Thursday. The company has a 50 day simple moving average of $82.97 and a 200 day simple moving average of $89.53. The firm has a market cap of $45.45 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93. Nutrien has a 1 year low of $57.45 and a 1 year high of $117.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.53.

Hedge Funds Weigh In On Nutrien

Large investors have recently modified their holdings of the company. Hardy Reed LLC bought a new position in shares of Nutrien in the 1st quarter worth $27,000. Covestor Ltd bought a new position in shares of Nutrien in the 1st quarter worth $30,000. Zions Bancorporation N.A. lifted its holdings in shares of Nutrien by 55.2% in the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares in the last quarter. Allworth Financial LP bought a new position in shares of Nutrien in the 1st quarter worth $39,000. Finally, Retirement Planning Co of New England Inc. bought a new position in shares of Nutrien in the 4th quarter worth $28,000. 64.39% of the stock is currently owned by institutional investors.

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.

Featured Stories

Analyst Recommendations for Nutrien (NYSE:NTR)

Want More Great Investing Ideas?

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.