Susquehanna Bancshares Lowers Nutrien (NYSE:NTR) Price Target to $61.00

Nutrien (NYSE:NTR) had its price target cut by investment analysts at Susquehanna Bancshares from $65.00 to $61.00 in a report issued on Tuesday, The Fly reports. Susquehanna Bancshares’ price target suggests a potential upside of 29.80% from the company’s previous close.

NTR has been the topic of several other reports. Scotiabank set a $60.00 target price on Nutrien and gave the company a “buy” rating in a research note on Thursday, September 26th. Zacks Investment Research downgraded Nutrien from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Citigroup set a $61.00 price target on Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. CIBC set a $70.00 price target on Nutrien and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America upgraded Nutrien from an “underperform” rating to a “neutral” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.00.

Shares of NTR opened at $47.00 on Tuesday. The business’s fifty day simple moving average is $49.13 and its two-hundred day simple moving average is $50.73. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Nutrien has a 12 month low of $43.96 and a 12 month high of $56.00. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 2.71 and a beta of 0.90.

Nutrien (NYSE:NTR) last issued its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.12). Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts forecast that Nutrien will post 2.28 EPS for the current year.

A number of institutional investors have recently made changes to their positions in NTR. Birch Hill Investment Advisors LLC increased its stake in Nutrien by 8.5% in the second quarter. Birch Hill Investment Advisors LLC now owns 312,747 shares of the company’s stock valued at $16,719,000 after purchasing an additional 24,610 shares during the period. Cutter & CO Brokerage Inc. purchased a new position in shares of Nutrien during the second quarter valued at approximately $2,749,000. Envestnet Asset Management Inc. boosted its position in shares of Nutrien by 63.5% during the second quarter. Envestnet Asset Management Inc. now owns 320,058 shares of the company’s stock valued at $17,120,000 after buying an additional 124,251 shares during the last quarter. ETRADE Capital Management LLC boosted its position in shares of Nutrien by 134.9% during the second quarter. ETRADE Capital Management LLC now owns 46,622 shares of the company’s stock valued at $2,492,000 after buying an additional 26,777 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its position in shares of Nutrien by 3.2% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 164,089 shares of the company’s stock valued at $8,185,000 after buying an additional 5,102 shares during the last quarter. 65.90% of the stock is currently owned by institutional investors.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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