TD Securities Has Lowered Expectations for Nutrien (NYSE:NTR) Stock Price

Nutrien (NYSE:NTR) had its price objective decreased by investment analysts at TD Securities from $64.00 to $63.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 27.30% from the company’s previous close.

NTR has been the topic of several other research reports. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and cut their price target for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Finally, Scotiabank lowered their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.44.

Nutrien Stock Performance

NYSE NTR opened at $49.49 on Tuesday. The company’s fifty day moving average is $47.97 and its two-hundred day moving average is $50.65. The firm has a market capitalization of $24.44 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 0.82. 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 52-week low of $44.65 and a 52-week high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter last year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. Equities research analysts forecast that Nutrien will post 3.82 EPS for the current year.

Institutional Investors Weigh In On Nutrien

Large investors have recently modified their holdings of the business. Silchester International Investors LLP grew its position in shares of Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after purchasing an additional 6,642,075 shares during the period. Bank of Montreal Can boosted its holdings in shares of Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after buying an additional 1,794,333 shares during the period. National Bank of Canada FI increased its position in shares of Nutrien by 34.0% during the second 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 in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Nutrien by 10.6% during the first quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after acquiring an additional 844,559 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in Nutrien in the 2nd quarter valued at $38,176,000. 63.10% of the stock is currently owned by institutional investors.

About Nutrien

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.