Nutrien (NYSE:NTR) received a $68.00 price objective from research analysts at Stephens in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Stephens’ price objective would suggest a potential upside of 18.69% from the company’s current price.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Nutrien from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Wednesday, August 15th. TD Securities lowered shares of Nutrien from a “buy” rating to a “hold” rating and raised their price objective for the company from $60.00 to $63.00 in a report on Friday, August 3rd. Credit Suisse Group set a $55.00 price objective on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday. Scotiabank reiterated a “buy” rating and issued a $65.00 price objective on shares of Nutrien in a report on Friday, August 3rd. Finally, Barclays assumed coverage on shares of Nutrien in a report on Tuesday, September 4th. They issued an “overweight” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nutrien presently has an average rating of “Buy” and a consensus target price of $63.12.
NYSE NTR traded down $0.16 during trading hours on Thursday, reaching $57.29. The company’s stock had a trading volume of 22,665 shares, compared to its average volume of 2,009,534. The firm has a market cap of $34.88 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76. Nutrien has a 52 week low of $40.41 and a 52 week high of $58.99.
Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC grew its position in shares of Nutrien by 4,210.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock worth $144,000 after buying an additional 2,442 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $147,000. Whittier Trust Co. grew its position in shares of Nutrien by 253.2% during the 2nd quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock worth $152,000 after buying an additional 2,000 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $161,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Nutrien during the 3rd quarter worth approximately $204,000. 66.65% of the stock is owned by institutional investors and hedge funds.
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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