Berenberg Bank Reaffirms “Hold” Rating for Nutrien (NYSE:NTR)

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Berenberg Bank restated their hold rating on shares of Nutrien (NYSE:NTR) in a research note published on Wednesday morning, AnalystRatings.com reports. The firm currently has a $50.00 target price on the stock.

Several other equities analysts have also recently weighed in on NTR. ValuEngine upgraded shares of Nutrien from a sell rating to a hold rating in a research note on Wednesday, October 2nd. CIBC set a $70.00 target price on shares of Nutrien and gave the stock a buy rating in a report on Wednesday, October 9th. UBS Group set a $62.00 target price on shares of Nutrien and gave the stock a buy rating in a report on Tuesday, August 27th. Stifel Nicolaus reduced their target price on shares of Nutrien from $63.00 to $62.00 and set a buy rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Nutrien from $54.00 to $50.00 and set a neutral rating for the company in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $61.00.

Shares of NYSE:NTR traded down $0.20 during trading on Wednesday, hitting $49.11. The company’s stock had a trading volume of 668,298 shares, compared to its average volume of 1,529,199. The company has a 50-day moving average of $49.38 and a 200-day moving average of $50.97. Nutrien has a 12 month low of $43.96 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 0.79. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 2.61 and a beta of 0.90.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). Nutrien had a return on equity of 6.44% and a net margin of 20.95%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the company earned $0.47 EPS. Nutrien’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that Nutrien will post 2.38 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in NTR. Beutel Goodman & Co Ltd. boosted its position in shares of Nutrien by 5.7% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 13,435,410 shares of the company’s stock valued at $718,661,000 after acquiring an additional 718,508 shares during the last quarter. Invesco Ltd. boosted its position in shares of Nutrien by 0.7% during the 2nd quarter. Invesco Ltd. now owns 10,145,011 shares of the company’s stock valued at $542,352,000 after acquiring an additional 66,593 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Nutrien by 11.3% during the 2nd quarter. Mackenzie Financial Corp now owns 8,580,722 shares of the company’s stock valued at $458,725,000 after acquiring an additional 872,389 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Nutrien by 1.4% during the 2nd quarter. Schroder Investment Management Group now owns 8,319,990 shares of the company’s stock valued at $552,612,000 after acquiring an additional 117,187 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Nutrien by 1.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 5,498,521 shares of the company’s stock valued at $274,841,000 after acquiring an additional 91,897 shares during the last quarter. 65.50% of the stock is owned by institutional investors.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Analyst Recommendations for Nutrien (NYSE:NTR)

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