Nutrien (NYSE:NTR) Price Target Raised to $60.00

Nutrien (NYSE:NTR) had its price target upped by Scotiabank from $59.00 to $60.00 in a report released on Monday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company upped their price objective on Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Oppenheimer started coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. 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. Finally, UBS Group boosted their target price on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Nutrien Trading Down 3.6 %

NTR stock opened at $49.91 on Monday. Nutrien has a 1-year low of $43.69 and a 1-year high of $60.87. The firm has a market cap of $24.51 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.13 and a beta of 0.81. The business’s 50 day moving average is $48.87 and its 200-day moving average is $48.10. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Nutrien by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock valued at $885,009,000 after purchasing an additional 325,210 shares during the period. Silchester International Investors LLP lifted its stake in shares of Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Nutrien by 0.8% in the 4th quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock valued at $426,436,000 after purchasing an additional 77,174 shares during the period. ARGA Investment Management LP lifted its stake in shares of Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 shares during the period. Finally, TD Asset Management Inc. lifted its stake in shares of Nutrien by 7.4% in the 4th quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company’s stock valued at $251,152,000 after purchasing an additional 385,616 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

About Nutrien

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.