J.P. Morgan Private Wealth Advisors LLC Takes Position in Nutrien Ltd. (NYSE:NTR)

J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTRFree Report) during the third quarter, HoldingsChannel reports. The firm purchased 17,985 shares of the company’s stock, valued at approximately $1,116,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Nutrien during the third quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in shares of Nutrien during the second quarter worth approximately $28,000. Legacy Financial Group LLC bought a new stake in shares of Nutrien during the third quarter worth approximately $28,000. Covestor Ltd bought a new stake in shares of Nutrien during the first quarter worth approximately $30,000. Finally, Zions Bancorporation N.A. boosted its holdings in shares of Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 62.77% of the company’s stock.

Nutrien Stock Up 1.9 %

NYSE NTR opened at $50.05 on Tuesday. The business has a fifty day moving average price of $53.25 and a two-hundred day moving average price of $57.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 0.79. Nutrien Ltd. has a fifty-two week low of $48.29 and a fifty-two week high of $83.29. The stock has a market capitalization of $24.75 billion, a PE ratio of 11.56, a PEG ratio of 1.32 and a beta of 0.89.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NTR. Piper Sandler reduced their price objective on Nutrien from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, November 17th. CIBC reduced their price objective on Nutrien from $85.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. The Goldman Sachs Group reduced their price objective on Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Barclays upgraded Nutrien from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $64.00 to $68.00 in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. cut Nutrien from an “overweight” rating to a “neutral” rating and cut their price target for the company from $70.00 to $58.00 in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.84.

View Our Latest Report on Nutrien

Nutrien Company Profile

(Free Report)

Nutrien Ltd. provides crop inputs and services. The company operates through Retail, Potash, Nitrogen, and Phosphate segments. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, urea ammonium nitrate, industrial grade ammonium nitrate, and ammonium sulfate.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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