Nutrien (NYSE:NTR) Stock Rating Lowered by Zacks Research

Nutrien (NYSE:NTR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. UBS Group lifted their price objective on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Royal Bank Of Canada boosted their target price on shares of Nutrien from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Morgan Stanley raised Nutrien from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $77.00 in a report on Wednesday, January 14th. Finally, Barclays lifted their price objective on shares of Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.82.

Nutrien Stock Performance

Shares of NTR stock opened at $74.39 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Nutrien has a 52 week low of $45.78 and a 52 week high of $78.00. The company has a market cap of $35.79 billion, a PE ratio of 15.96 and a beta of 0.70. The company’s fifty day simple moving average is $67.79 and its 200-day simple moving average is $61.54.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Nutrien will post 3.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. boosted its stake in Nutrien by 310.7% during the fourth 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. Root Financial Partners LLC acquired a new stake in Nutrien in the 3rd quarter valued at about $37,000. Sfam LLC bought a new position in shares of Nutrien during the 4th quarter valued at about $37,000. Huntington National Bank boosted its position in shares of 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 in the last quarter. Finally, Eastern Bank grew its stake in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the last quarter. Institutional investors and hedge funds 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.