Nutrien (NYSE:NTR) Raised to “Strong-Buy” at Zacks Research

Nutrien (NYSE:NTR) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Oppenheimer restated an “outperform” rating on shares of Nutrien in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Nutrien from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Scotiabank decreased their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Finally, Bank of America reiterated a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.88.

Nutrien Stock Up 1.8%

Shares of NYSE:NTR opened at $71.58 on Tuesday. The firm has a market cap of $34.50 billion, a PE ratio of 19.29 and a beta of 0.72. The company has a fifty day simple moving average of $62.26 and a 200 day simple moving average of $59.39. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. Nutrien has a 12-month low of $45.78 and a 12-month high of $72.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts anticipate that Nutrien will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. HB Wealth Management LLC raised its stake in shares of Nutrien by 7.2% during the fourth quarter. HB Wealth Management LLC now owns 3,966 shares of the company’s stock valued at $245,000 after purchasing an additional 267 shares in the last quarter. M&T Bank Corp lifted its position in Nutrien by 258.1% in the fourth quarter. M&T Bank Corp now owns 38,227 shares of the company’s stock worth $2,359,000 after purchasing an additional 27,553 shares during the period. Emissary Wealth LLC bought a new position in Nutrien during the 4th quarter valued at $635,000. TD Waterhouse Canada Inc. increased its position in shares of Nutrien by 4.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company’s stock valued at $145,257,000 after purchasing an additional 94,510 shares during the period. Finally, Lorne Steinberg Wealth Management Inc. lifted its holdings in shares of Nutrien by 1.0% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 108,055 shares of the company’s stock valued at $6,679,000 after buying an additional 1,059 shares during the period. Institutional investors own 63.10% of the company’s stock.

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.