Mizuho Raises Nutrien (NYSE:NTR) Price Target to $65.00

Nutrien (NYSE:NTR) had its price target lifted by Mizuho from $61.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 2.70% from the company’s current price.

A number of other equities analysts also recently commented on NTR. National Bankshares began coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating and a $64.00 target price for the company. Wall Street Zen lowered shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Jefferies Financial Group reduced their price target on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. UBS Group lowered their price objective on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, National Bank Financial initiated coverage on Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average price target of $63.17.

Nutrien Stock Performance

Nutrien stock opened at $63.29 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a market cap of $30.60 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.71 and a beta of 0.72. Nutrien has a 1-year low of $43.69 and a 1-year high of $65.08. The firm has a 50-day moving average of $58.08 and a 200-day moving average of $58.58.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Nutrien’s revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Nutrien will post 3.72 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of Nutrien in the third quarter worth $37,000. Huntington National Bank grew its position in Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 276 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after purchasing an additional 219 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in Nutrien in the third quarter worth about $46,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Nutrien in the second quarter worth approximately $49,000. Institutional investors 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.