Nutrien (NYSE:NTR) Cut to “Moderate Sell” at Hsbc Global Res

Nutrien (NYSE:NTR) was downgraded by equities research analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating in a research report issued on Friday, Zacks.com reports.

NTR has been the subject of several other reports. Wells Fargo & Company cut their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. UBS Group cut their price objective on Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. TD Securities cut their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $66.00 in a report on Monday, April 29th. Finally, Scotiabank lowered their target price on Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.39.

Nutrien Price Performance

Shares of Nutrien stock traded down $0.06 on Friday, hitting $47.18. The company’s stock had a trading volume of 7,408,787 shares, compared to its average volume of 1,908,073. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. Nutrien has a 1 year low of $45.90 and a 1 year high of $69.09. The firm has a fifty day moving average price of $51.88 and a 200-day moving average price of $52.85. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.83.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. As a group, sell-side analysts anticipate that Nutrien will post 3.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutrien

Several large investors have recently bought and sold shares of NTR. Lester Murray Antman dba SimplyRich boosted its stake in Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock valued at $461,000 after acquiring an additional 202 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Nutrien by 21.4% in the first quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 208 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Nutrien by 1.7% in the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock valued at $683,000 after acquiring an additional 208 shares in the last quarter. FFT Wealth Management LLC boosted its stake in Nutrien by 0.8% in the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock valued at $1,488,000 after acquiring an additional 220 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.