TD Securities Issues Pessimistic Forecast for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price objective dropped by equities researchers at TD Securities from $63.00 to $61.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 30.31% from the company’s previous close.

A number of other brokerages have also issued reports on NTR. Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. Mizuho reduced their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Barclays dropped their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.33.

Nutrien Stock Down 0.4 %

NTR stock opened at $46.81 on Tuesday. The stock has a market cap of $23.12 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The firm’s 50-day simple moving average is $48.00 and its 200 day simple moving average is $50.53. Nutrien has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, sell-side analysts predict that Nutrien will post 3.65 EPS for the current year.

Institutional Trading of Nutrien

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CORDA Investment Management LLC. increased its position in shares of Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after acquiring an additional 32,541 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Nutrien in the 2nd quarter worth approximately $2,639,000. Cardinal Capital Management Inc. grew its position in Nutrien by 4.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares in the last quarter. Stephens Inc. AR raised its stake in Nutrien by 335.0% during the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after purchasing an additional 54,138 shares during the period. Finally, Royal Fund Management LLC lifted its holdings in shares of Nutrien by 88.6% in the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock valued at $1,477,000 after purchasing an additional 14,434 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Company Profile

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.