Nutrien (NYSE:NTR) Shares Down 4.5% – Should You Sell?

Nutrien Ltd. (NYSE:NTR)’s share price was down 4.5% during trading on Monday . The stock traded as low as $66.05 and last traded at $65.9670. 947,114 shares changed hands during trading, a decline of 70% from the average session volume of 3,178,857 shares. The stock had previously closed at $69.07.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NTR shares. JPMorgan Chase & Co. upped their target price on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, April 30th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Finally, UBS Group cut their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Sixteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average target price of $81.84.

Nutrien Stock Down 0.2%

The firm has a market cap of $31.96 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.66 and a beta of 0.61. The company’s 50-day simple moving average is $66.25 and its 200 day simple moving average is $70.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Research analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently bought and sold shares of NTR. Montag A & Associates Inc. lifted its holdings in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Nutrien in the 1st quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after acquiring an additional 436 shares during the period. Allied Private Wealth LLC purchased a new position in shares of Nutrien during the second quarter worth approximately $33,000. Finally, Sfam LLC bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

About Nutrien

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.