TD Securities Issues Pessimistic Forecast for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price objective lowered by equities research analysts at TD Securities from $64.00 to $63.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 27.30% from the company’s current price.

Several other research analysts have also weighed in on NTR. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Barclays reduced their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. Hsbc Global Res downgraded shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.44.

Nutrien Trading Down 2.3 %

Shares of NYSE:NTR opened at $49.49 on Tuesday. The stock has a market capitalization of $24.44 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.66 and a beta of 0.82. The company’s 50-day moving average price is $47.97 and its two-hundred day moving average price is $50.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien has a one year low of $44.65 and a one year high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. On average, equities analysts forecast that Nutrien will post 3.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutrien

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Silchester International Investors LLP grew its stake in shares of Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after buying an additional 6,642,075 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Nutrien by 15.5% during the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after acquiring an additional 1,794,333 shares in the last quarter. National Bank of Canada FI grew its position in Nutrien by 34.0% during the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after acquiring an additional 1,032,763 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after purchasing an additional 844,559 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the 2nd quarter worth about $38,176,000. 63.10% of the stock is owned by institutional investors.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.