Nutrien Ltd. (NYSE:NTR) Receives $65.39 Average Target Price from Analysts

Nutrien Ltd. (NYSE:NTR) has been given a consensus rating of “Moderate Buy” by the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $65.39.

NTR has been the topic of several research reports. UBS Group decreased their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Scotiabank decreased their price target on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Royal Bank of Canada decreased their price target on shares of Nutrien from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Wells Fargo & Company decreased their price target on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Mizuho raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th.

Institutional Investors Weigh In On Nutrien

A number of institutional investors have recently made changes to their positions in NTR. Norges Bank acquired a new stake in shares of Nutrien during the fourth quarter valued at about $332,716,000. Silchester International Investors LLP increased its position in shares of Nutrien by 211.6% during the second quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock valued at $205,736,000 after acquiring an additional 2,744,213 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Nutrien by 120.2% in the first quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock valued at $205,421,000 after purchasing an additional 2,063,881 shares during the period. TD Asset Management Inc boosted its stake in shares of Nutrien by 28.6% in the fourth quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after purchasing an additional 2,050,358 shares during the period. Finally, Parnassus Investments LLC boosted its stake in shares of Nutrien by 19.5% in the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after purchasing an additional 1,960,162 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NTR opened at $47.11 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a market cap of $23.30 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.65 and a beta of 0.83. Nutrien has a 52-week low of $45.90 and a 52-week high of $69.09. The firm’s fifty day simple moving average is $51.44 and its two-hundred day simple moving average is $52.78.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Equities analysts anticipate that Nutrien will post 3.78 earnings per share for the current fiscal year.

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.