Nutrien (NYSE:NTR) Stock Rating Lowered by Wall Street Zen

Nutrien (NYSE:NTR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

NTR has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Raymond James Financial boosted their price target on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Wells Fargo & Company raised their price objective on shares of Nutrien from $64.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $77.00 in a research report on Wednesday, January 14th. Finally, UBS Group increased their target price on Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and an average target price of $72.24.

Nutrien Stock Up 2.7%

NYSE NTR opened at $75.07 on Friday. Nutrien has a 12 month low of $45.78 and a 12 month high of $75.73. The company has a market capitalization of $36.12 billion, a P/E ratio of 16.11 and a beta of 0.70. The company’s 50 day simple moving average is $67.31 and its 200 day simple moving average is $61.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $5.12 billion during 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 company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. Equities research analysts expect that Nutrien will post 3.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

A number of hedge funds have recently modified their holdings of NTR. Montag A & Associates Inc. grew its holdings in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Nutrien during the third quarter worth approximately $37,000. Sfam LLC acquired a new stake in shares of Nutrien in the fourth quarter valued at approximately $37,000. Huntington National Bank raised its position in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares during the last quarter. Finally, Eastern Bank raised its position in Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during 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.