Nutrien (NYSE:NTR) Price Target Raised to $85.00 at Royal Bank Of Canada

Nutrien (NYSE:NTR) had its price target raised by equities research analysts at Royal Bank Of Canada from $80.00 to $85.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 10.15% from the stock’s current price.

Several other equities research analysts have also weighed in on NTR. Wall Street Zen upgraded Nutrien from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho lifted their price target on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Oppenheimer lifted their price target on Nutrien from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Finally, Barclays lifted their price target on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $77.61.

Nutrien Trading Up 1.8%

Shares of NTR stock traded up $1.36 during trading hours on Tuesday, reaching $77.17. The company’s stock had a trading volume of 1,485,404 shares, compared to its average volume of 3,694,964. The stock has a market capitalization of $37.12 billion, a P/E ratio of 16.56 and a beta of 0.69. Nutrien has a one year low of $46.30 and a one year high of $85.36. The firm’s fifty day simple moving average is $73.81 and its 200 day simple moving average is $64.79. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.Nutrien’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities research analysts expect that Nutrien will post 3.72 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd increased its position in Nutrien by 23.6% during the third quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock valued at $4,691,000 after acquiring an additional 15,230 shares during the last quarter. Van ECK Associates Corp increased its position in Nutrien by 1.4% during the third quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock valued at $108,901,000 after acquiring an additional 25,588 shares during the last quarter. Hudson Bay Capital Management LP increased its position in Nutrien by 190.3% during the third quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock valued at $6,829,000 after acquiring an additional 76,244 shares during the last quarter. Metis Global Partners LLC increased its position in Nutrien by 37.8% during the third quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock valued at $12,958,000 after acquiring an additional 60,491 shares during the last quarter. Finally, Black Creek Investment Management Inc. increased its position in Nutrien by 57.3% during the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after acquiring an additional 862,487 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

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.