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

Nutrien (NYSE:NTR) was upgraded by stock 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 brokerage presently has a $50.00 price target on the stock, up from their prior price target of $40.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.18% from the company’s previous close.

Several other analysts also recently weighed in on NTR. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. TD Securities lowered their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. CIBC restated an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Oppenheimer began coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.05.

Nutrien Trading Up 1.3 %

NYSE:NTR opened at $48.46 on Monday. The business’s 50-day moving average is $46.87 and its two-hundred day moving average is $47.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien has a 12 month low of $43.69 and a 12 month high of $60.87. The firm has a market capitalization of $23.86 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Research analysts predict that Nutrien will post 3.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently made changes to their positions in NTR. Goodman Financial Corp boosted its position in shares of Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after buying an additional 11,058 shares during the period. CORDA Investment Management LLC. boosted its position in shares of Nutrien by 7.0% during the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after buying an additional 32,541 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Nutrien by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after buying an additional 157,932 shares during the period. Cardinal Capital Management Inc. boosted its position in shares of Nutrien by 4.3% during the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after buying an additional 23,117 shares during the period. Finally, Stephens Inc. AR boosted its position in shares of Nutrien by 335.0% during the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock worth $3,379,000 after buying an additional 54,138 shares during the period. 63.10% of the stock is 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.