National Bank Financial Has Lowered Expectations for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price objective decreased by investment analysts at National Bank Financial from $76.00 to $74.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 12.27% from the stock’s previous close.

NTR has been the topic of a number of other research reports. Barclays restated an “overweight” rating and set a $78.00 target price on shares of Nutrien in a research note on Monday. Mizuho reduced their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Morgan Stanley lowered their target price on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a research report on Monday. Finally, TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Stock Performance

Nutrien stock traded up $1.49 during trading on Monday, reaching $65.91. The company had a trading volume of 2,090,559 shares, compared to its average volume of 3,181,566. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.64 and a beta of 0.61. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $66.07 and its 200 day simple moving average is $70.45. Nutrien has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the company earned $2.65 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Nutrien will post 5.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. lifted its position in shares of Nutrien by 4.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company’s stock worth $145,257,000 after purchasing an additional 94,510 shares during the period. Vanguard Group Inc. increased its holdings in Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the period. BCS Private Wealth Management Inc. raised its stake in Nutrien by 501.5% in the fourth quarter. BCS Private Wealth Management Inc. now owns 65,913 shares of the company’s stock worth $4,104,000 after buying an additional 54,955 shares in the last quarter. Geode Capital Management LLC raised its stake in Nutrien by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company’s stock worth $304,217,000 after buying an additional 309,025 shares in the last quarter. Finally, Black Creek Investment Management Inc. lifted its holdings in Nutrien by 7.9% during the fourth quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company’s stock worth $157,796,000 after buying an additional 185,864 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.