Nutrien (NYSE:NTR) Downgraded by BNP Paribas Exane to “Neutral”

Nutrien (NYSE:NTR) was downgraded by investment analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday,Finviz reports.

A number of other equities research analysts have also recently commented on NTR. Scotiabank raised their price objective on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. BMO Capital Markets increased their price target on shares of Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho lifted their price objective on shares of Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a research report on Monday. Finally, Zacks Research upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.11.

Nutrien Stock Performance

NYSE NTR opened at $71.19 on Monday. The firm has a market capitalization of $34.27 billion, a P/E ratio of 15.28 and a beta of 0.73. The stock has a 50-day simple moving average of $66.23 and a two-hundred day simple moving average of $60.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. Nutrien has a fifty-two week low of $45.78 and a fifty-two week high of $73.55.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. On average, equities analysts forecast that Nutrien will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its stake in Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC lifted its stake in shares of Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after buying an additional 164 shares in the last quarter. Smith Moore & CO. lifted its stake in shares of Nutrien by 2.2% in the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock worth $449,000 after buying an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after acquiring an additional 176 shares during the last quarter. Finally, Cascade Investment Advisors Inc. grew its stake in Nutrien by 0.6% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock valued at $1,811,000 after acquiring an additional 185 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.