TD Securities Cuts Nutrien (NYSE:NTR) Price Target to $63.00

Nutrien (NYSE:NTR) had its price objective cut by equities research analysts at TD Securities from $64.00 to $63.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 24.48% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. BMO Capital Markets lowered their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.44.

Nutrien Stock Down 0.3 %

Shares of NTR traded down $0.17 during midday trading on Tuesday, hitting $50.61. The stock had a trading volume of 784,198 shares, compared to its average volume of 1,943,568. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 1.57 and a beta of 0.82. The company has a 50 day simple moving average of $47.89 and a two-hundred day simple moving average of $50.68. Nutrien has a twelve month low of $44.65 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. On average, analysts anticipate that Nutrien will post 3.85 EPS for the current year.

Institutional Trading of Nutrien

Large investors have recently bought and sold shares of the company. Silchester International Investors LLP increased its position in Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after buying an additional 6,642,075 shares in the last quarter. Bank of Montreal Can boosted its holdings in Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares during the period. National Bank of Canada FI raised its holdings in Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after acquiring an additional 1,032,763 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Nutrien by 10.6% in the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock valued at $480,058,000 after acquiring an additional 844,559 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in shares of Nutrien during the second quarter worth about $38,176,000. 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.