Nutrien (NYSE:NTR) Research Coverage Started at Jefferies Financial Group

Research analysts at Jefferies Financial Group assumed coverage on shares of Nutrien (NYSE:NTR) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $62.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 15.61% from the stock’s previous close.

A number of other equities research analysts have also recently commented on NTR. The Goldman Sachs Group cut their price target on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. TD Securities cut their price target on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, February 20th. HSBC lowered their price objective on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a research report on Friday, March 8th. BNP Paribas downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 30th. Finally, Royal Bank of Canada lowered their price objective on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average price target of $69.43.

Nutrien Price Performance

Shares of NTR opened at $53.63 on Tuesday. The stock has a market cap of $26.52 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. Nutrien has a fifty-two week low of $47.90 and a fifty-two week high of $75.29. The firm’s 50-day simple moving average is $51.63 and its two-hundred day simple moving average is $55.25.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.02 EPS. Analysts anticipate that Nutrien will post 3.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Nutrien by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock valued at $1,025,790,000 after acquiring an additional 158,161 shares in the last quarter. Deutsche Bank AG grew its stake in Nutrien by 1.5% during the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock valued at $908,374,000 after acquiring an additional 214,299 shares in the last quarter. Mackenzie Financial Corp grew its stake in Nutrien by 1.8% during the fourth quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock valued at $751,381,000 after acquiring an additional 239,578 shares in the last quarter. Parnassus Investments LLC grew its stake in Nutrien by 19.5% during the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after acquiring an additional 1,960,162 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Nutrien by 2.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,520,903 shares of the company’s stock valued at $536,313,000 after acquiring an additional 258,244 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

About Nutrien

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.