Nutrien (NYSE:NTR) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
NTR has been the subject of several other research reports. Raymond James lifted their price objective on Nutrien from $67.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, November 2nd. Cleveland Research upgraded Nutrien from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. UBS Group raised their target price on Nutrien from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Macquarie raised their target price on Nutrien from $59.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.29.
Shares of NTR opened at $56.98 on Wednesday. Nutrien has a fifty-two week low of $40.41 and a fifty-two week high of $58.99.
Nutrien (NYSE:NTR) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.83 billion. The business’s revenue for the quarter was up 226.9% on a year-over-year basis. As a group, equities analysts anticipate that Nutrien will post 2.58 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC boosted 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 valued at $144,000 after acquiring an additional 2,442 shares during the last quarter. Capital Advisors Ltd. LLC bought a new stake in shares of Nutrien during the 3rd quarter valued at about $147,000. Whittier Trust Co. boosted 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 valued at $152,000 after acquiring an additional 2,000 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Nutrien during the 2nd quarter valued at about $161,000. Finally, Huntington National Bank bought a new stake in shares of Nutrien during the 2nd quarter valued at about $199,000. Institutional investors and hedge funds own 66.65% of the company’s stock.
Nutrien Company Profile
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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