Nutrien (NTR) PT Set at $68.00 by Stephens

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.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The company’s revenue for the quarter was up 226.9% on a year-over-year basis. Analysts predict that Nutrien will post 2.63 EPS for the current year.

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.

About Nutrien

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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Analyst Recommendations for Nutrien (NYSE:NTR)

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