Nutrien (NYSE:NTR – Get 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
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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