Nutrien (NYSE:NTR – Get 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 %
Nutrien (NYSE:NTR – Get 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
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.
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