Nutrien (NYSE:NTR) Price Target Raised to $70.00

Nutrien (NYSE:NTR) had its target price hoisted by investment analysts at Barclays from $64.00 to $70.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 0.69% from the company’s current price.

NTR has been the topic of a number of other reports. Royal Bank Of Canada upped their target price on shares of Nutrien from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. Morgan Stanley raised Nutrien from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $77.00 in a research note on Wednesday, January 14th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company initiated coverage on shares of Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.69.

Nutrien Price Performance

NTR traded up $0.63 during midday trading on Wednesday, reaching $70.49. 382,519 shares of the company’s stock were exchanged, compared to its average volume of 2,918,399. The business has a 50-day simple moving average of $65.62 and a two-hundred day simple moving average of $60.42. Nutrien has a one year low of $45.78 and a one year high of $73.55. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 19.00 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC lifted its stake in shares of Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after buying an additional 145 shares in the last quarter. Minot DeBlois Advisors LLC lifted its stake in Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after purchasing an additional 164 shares during the last quarter. Smith Moore & CO. boosted its holdings in Nutrien by 2.2% during the 3rd 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 period. EverSource Wealth Advisors LLC grew its holdings in shares of Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after purchasing an additional 176 shares during the last quarter. Finally, Cascade Investment Advisors Inc. raised its stake in shares of Nutrien by 0.6% during 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 during 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.