Nutrien (NYSE:NTR) Given a $76.00 Price Target by National Bank Financial Analysts

Nutrien (NYSE:NTR) has been assigned a $76.00 target price by National Bank Financial in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 12.69% from the stock’s previous close.

Several other research firms have also recently commented on NTR. JPMorgan Chase & Co. increased their price objective on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. UBS Group decreased their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. Oppenheimer raised their price target on shares of Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.61.

Nutrien Stock Up 3.1%

NTR stock traded up $2.01 during midday trading on Monday, hitting $67.44. The company’s stock had a trading volume of 1,062,501 shares, compared to its average volume of 3,306,595. The firm’s 50-day moving average is $67.39 and its 200-day moving average is $69.74. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a market cap of $32.32 billion, a PE ratio of 13.72, a P/E/G ratio of 0.63 and a beta of 0.62.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, equities research analysts forecast that Nutrien will post 5.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nutrien

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. Wellington Management Group LLP grew its position in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after buying an additional 13,313,817 shares during the period. First Eagle Investment Management LLC grew its position in Nutrien by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after buying an additional 70,068 shares during the period. Deutsche Bank AG increased its holdings in Nutrien by 2.0% during the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after buying an additional 189,683 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Company Profile

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.