Nutrien (NYSE:NTR) PT rose to $70.00 at Credit Suisse Group
Nutrien (NYSE: NTR – Get a rating) had its price target raised by Credit Suisse Group from $67.00 to $70.00 in a report on Thursday, Market assessments reports. The brokerage currently has an “underperforming” rating on the stock. Credit Suisse Group’s price target indicates a potential decline of 16.47% from the company’s current price.
Several other equity research analysts have also recently commented on NTR. Barclays set a price target of $126.00 on Nutrien shares in a Monday, June 13 research report. Raymond James raised his price target on Nutrien shares from $105.00 to $125.00 and gave the stock an “outperform” rating in a Wednesday May 4 research note. Mizuho raised its price target on Nutrien shares from $94.00 to $124.00 in a Friday, April 29 research note. Piper Sandler raised her price target on Nutrien shares from $112.00 to $125.00 and gave the stock an “overweight” rating in a Tuesday, May 31 research note. Finally, Royal Bank of Canada set a price target of $135.00 on Nutrien shares in a Wednesday, July 13 research note. One research analyst rated the stock with a sell rating, four gave the company’s stock a hold rating and fourteen gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.72.
Stock of nutrients up 1.6%
Shares of NYSE: NTR opened at $83.80 on Thursday. Nutrien has a one-year minimum of $57.45 and a one-year maximum of $117.25. The company has a 50-day moving average of $82.97 and a 200-day moving average of $89.53. The company has a debt ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.53. The stock has a market capitalization of $45.45 billion, a price/earnings ratio of 6.78, a P/E/G ratio of 0.61 and a beta of 0.93.
Nutrien institutional trading
Institutional investors have recently changed their positions in the company. Meridian Wealth Management LLC increased its stake in Nutrien by 6,629.1% during the second quarter. Meridian Wealth Management LLC now owns 142,052 shares of the company worth $11,290,000 after purchasing an additional 139,941 shares in the last quarter. Pinebridge Investments LP acquired a new position in Nutrien during the second quarter worth $89,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Nutrien by 6.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,737,228 shares of the company worth $297,607,000 after purchasing an additional 233,709 shares in the last quarter. Mainstay Capital Management LLC ADV acquired a new position in Nutrien during the second quarter at a value of $1,063,000. Finally, Horizon Kinetics Asset Management LLC increased its stake in Nutrien by 21.3% during the second quarter. Horizon Kinetics Asset Management LLC now owns 538,075 shares of the company worth $42,879,000 after purchasing an additional 94,461 shares in the last quarter. Institutional investors hold 64.39% of the company’s shares.
Nutrien Ltd. provides agricultural inputs and services. It offers products based on potash, nitrogen, phosphate and sulphate; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds and merchandise through approximately 2,000 retail outlets in the United States, Canada, South America and Australia.
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