Nutrien (NYSE:NTR) Upgraded at JPMorgan Chase & Co.

Nutrien (NYSE:NTRGet Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm presently has a $50.00 price target on the stock, up from their prior price target of $40.00. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.29% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. TD Securities reduced their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Oppenheimer initiated coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective on the stock. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and lowered their target price for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.21.

View Our Latest Research Report on Nutrien

Nutrien Stock Up 1.0 %

Shares of NYSE:NTR opened at $51.70 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market cap of $25.46 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.73 and a beta of 0.81. The company has a 50 day moving average of $46.90 and a 200-day moving average of $47.85. Nutrien has a one year low of $43.69 and a one year high of $60.87.

Nutrien (NYSE:NTRGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. Nutrien’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts forecast that Nutrien will post 3.5 earnings per share for the current year.

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new position in Nutrien during the third quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Nutrien during the 2nd quarter worth approximately $52,000. Larson Financial Group LLC raised its stake in shares of Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after purchasing an additional 1,494 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in shares of Nutrien by 113.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after buying an additional 900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Nutrien by 56.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after buying an additional 605 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Company Profile

(Get Free Report)

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

Read More

Analyst Recommendations for Nutrien (NYSE:NTR)

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.