Barclays Forecasts Strong Price Appreciation for Nutrien (NYSE:NTR) Stock

Nutrien (NYSE:NTR) had its price objective hoisted by equities researchers at Barclays from $70.00 to $80.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 8.80% from the stock’s previous close.

NTR has been the subject of several other research reports. Mizuho raised their price target on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Raymond James Financial increased their price objective on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their target price on shares of Nutrien from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Zacks Research upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, TD Securities raised their price objective on shares of Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.82.

Nutrien Price Performance

Shares of NTR opened at $73.53 on Tuesday. The stock has a 50 day simple moving average of $67.99 and a 200 day simple moving average of $61.62. Nutrien has a 52-week low of $45.78 and a 52-week high of $78.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. The firm has a market capitalization of $35.38 billion, a PE ratio of 15.78 and a beta of 0.70.

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

Institutional Trading of Nutrien

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Montag A & Associates Inc. grew its holdings in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Root Financial Partners LLC bought a new stake in Nutrien during the 3rd quarter worth approximately $37,000. Sfam LLC bought a new stake in Nutrien during the 4th quarter worth approximately $37,000. Huntington National Bank increased its position in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the period. Finally, Eastern Bank raised its stake in shares of Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the last quarter. 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.