Nutrien’s (NTR) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Nutrien (NYSE:NTR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report released on Monday,Benzinga reports. They presently have a $60.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 15.45% from the stock’s current price.

Several other research firms have also commented on NTR. UBS Group upped their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday. CIBC restated an “outperformer” rating and set a $55.00 price target (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Mizuho increased their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday. Barclays reissued an “equal weight” rating and set a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average target price of $59.50.

Nutrien Price Performance

NTR traded down $0.62 during trading on Monday, reaching $51.97. 472,814 shares of the stock were exchanged, compared to its average volume of 2,355,647. Nutrien has a 1 year low of $43.69 and a 1 year high of $60.87. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 1.19 and a beta of 0.81. The business’s 50 day moving average price is $49.41 and its two-hundred day moving average price is $48.25. 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 (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities research analysts anticipate that Nutrien will post 3.72 earnings per share for the current year.

Institutional Trading of Nutrien

A number of hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC purchased a new stake in shares of Nutrien during the fourth quarter worth $27,000. HHM Wealth Advisors LLC increased its holdings in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the last quarter. Assetmark Inc. lifted its stake in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc bought a new stake in Nutrien in the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other 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.