Nutrien (NYSE:NTR) Cut to Hold at Zacks Research

Nutrien (NYSE:NTR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NTR has been the topic of a number of other reports. BNP Paribas Exane lowered shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Bank of America raised their price objective on Nutrien from $64.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Raymond James Financial lifted their target price on Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Jefferies Financial Group increased their price target on Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Finally, UBS Group lifted their price objective on Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.82.

Nutrien Stock Down 1.8%

NYSE:NTR opened at $74.39 on Monday. The company has a market cap of $35.79 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70. Nutrien has a twelve month low of $45.78 and a twelve month high of $78.00. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $67.79 and a 200-day simple moving average of $61.54.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that Nutrien will post 3.72 EPS for the current year.

Institutional Investors Weigh In On Nutrien

A number of institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its holdings in Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares in the last quarter. Minot DeBlois Advisors LLC raised its stake in shares of Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after acquiring an additional 164 shares in the last quarter. Smith Moore & CO. lifted its position in Nutrien by 2.2% during the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after acquiring an additional 168 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after acquiring an additional 176 shares during the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in Nutrien by 0.6% in the third quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock valued at $1,811,000 after acquiring an additional 185 shares in the last quarter. 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.