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

Nutrien (NYSE:NTR - Get Free Report) had its price target dropped by analysts at TD Securities from $64.00 to $63.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 24.48% from the company's previous close.

Several other analysts have also recently issued reports on the company. HSBC cut Nutrien from a "hold" rating to a "reduce" rating in a research report on Friday, August 2nd. Barclays dropped their target price 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. Wells Fargo & Company downgraded shares of Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Scotiabank dropped their price objective on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. Finally, UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $60.44.

Nutrien Stock Performance

Nutrien stock traded down $0.17 during midday trading on Tuesday, hitting $50.61. The stock had a trading volume of 1,768,363 shares, compared to its average volume of 1,947,931. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. Nutrien has a 52-week low of $44.65 and a 52-week high of $60.87. The company has a market capitalization of $25.00 billion, a PE ratio of 31.63, a P/E/G ratio of 1.57 and a beta of 0.82. The firm's fifty day moving average is $47.93 and its two-hundred day moving average is $50.66.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company's revenue was down 12.9% on a year-over-year basis. During the same period last year, the firm earned $2.53 EPS. On average, research analysts forecast that Nutrien will post 3.85 EPS for the current year.

Institutional Trading of Nutrien

Large investors have recently made changes to their positions in the stock. Silchester International Investors LLP increased its holdings in shares of Nutrien by 164.4% in the third 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 lifted its stake in 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 during the period. National Bank of Canada FI boosted its holdings in shares of Nutrien by 34.0% in the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company's stock valued at $205,385,000 after acquiring an additional 1,032,763 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Nutrien by 10.6% in 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 purchased a new position in shares of Nutrien during the second quarter worth $38,176,000. 63.10% of the stock is owned by hedge funds and other 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.