TD Securities Cuts Nutrien (NYSE:NTR) Price Target to $63.00

Nutrien (NYSE:NTR) had its target price lowered by equities researchers at TD Securities from $64.00 to $63.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 24.48% from the stock’s current price.

A number of other equities research analysts have also weighed in on NTR. Mizuho dropped their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. UBS Group downgraded Nutrien from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Scotiabank reduced their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Barclays dropped their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, BMO Capital Markets decreased their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.44.

Nutrien Stock Down 0.3 %

NTR traded down $0.17 during midday trading on Tuesday, reaching $50.61. The company’s stock had a trading volume of 784,198 shares, compared to its average volume of 1,943,568. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.57 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. Nutrien has a 1 year low of $44.65 and a 1 year high of $60.87. The stock’s 50-day moving average is $47.89 and its 200-day moving average is $50.68.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The business’s revenue was down 12.9% compared to the same quarter last year. As a group, research analysts expect that Nutrien will post 3.85 EPS for the current year.

Hedge Funds Weigh In On Nutrien

A number of institutional investors have recently made changes to their positions in NTR. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Nutrien by 5.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,379 shares of the company’s stock valued at $727,000 after buying an additional 675 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Nutrien by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 76,711 shares of the company’s stock worth $4,166,000 after buying an additional 431 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of Nutrien in the 1st quarter valued at approximately $3,777,000. Quantbot Technologies LP boosted its stake in Nutrien by 40.0% during the 1st quarter. Quantbot Technologies LP now owns 116,373 shares of the company’s stock worth $6,320,000 after acquiring an additional 33,264 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Nutrien by 370.1% during the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock valued at $3,152,000 after purchasing an additional 45,695 shares during the period. 63.10% of the stock is currently owned by institutional investors.

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.