Nutrien (NYSE:NTR) Given New $80.00 Price Target at JPMorgan Chase & Co.

Nutrien (NYSE:NTR) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $75.00 to $80.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.68% from the stock’s previous close.

NTR has been the topic of a number of other reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. National Bank Financial cut their target price on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and set a $71.00 price target on shares of Nutrien in a research report on Monday, October 12th. Finally, Mizuho lowered their price target on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of $79.24.

Nutrien Stock Up 1.1%

NTR stock traded up $0.80 during midday trading on Monday, hitting $72.28. The company’s stock had a trading volume of 1,005,866 shares, compared to its average volume of 3,000,175. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.41 and a quick ratio of 0.89. Nutrien has a twelve month low of $54.52 and a twelve month high of $85.36. The company’s fifty day moving average price is $72.85 and its 200 day moving average price is $71.11. The stock has a market capitalization of $34.35 billion, a P/E ratio of 15.76, a PEG ratio of 0.79 and a beta of 0.67.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13). The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.66 billion. Nutrien had a return on equity of 8.00% and a net margin of 7.78%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts predict that Nutrien will post 4.53 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTR. Bessemer Group Inc. boosted its stake in Nutrien by 44.1% in the 3rd quarter. Bessemer Group Inc. now owns 2,570 shares of the company’s stock valued at $181,000 after purchasing an additional 787 shares during the period. Russell Investments Group Ltd. increased its position in Nutrien by 8.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 733,578 shares of the company’s stock worth $51,609,000 after buying an additional 56,166 shares during the period. King Luther Capital Management Corp bought a new position in Nutrien during the 3rd quarter worth $206,000. Ritholtz Wealth Management increased its position in Nutrien by 8.3% during the 3rd quarter. Ritholtz Wealth Management now owns 7,106 shares of the company’s stock worth $499,000 after buying an additional 547 shares during the period. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Nutrien during the third quarter worth $46,000. 63.10% of the stock is owned by institutional investors.

Nutrien Company Profile

Nutrien Ltd. is a Canadian agricultural inputs and services company headquartered in Saskatoon, Saskatchewan. Formed in 2018 through the merger of Agrium and Potash Corporation of Saskatchewan, it serves farmers and other customers through fertilizer production and agricultural retail operations.

The company produces potash, nitrogen and phosphate fertilizers, which are used to support crop growth. It also sells crop protection products and seeds, and provides growers with agronomic advice and other services.

Nutrien’s retail business operates primarily in North America, with additional operations in South America and Australia.