UBS Group Increases Nutrien (NYSE:NTR) Price Target to $54.00

Nutrien (NYSE:NTR) had its price target raised by stock analysts at UBS Group from $53.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 2.52% from the stock’s previous close.

A number of other equities research analysts have also issued reports on NTR. Barclays reaffirmed an “equal weight” rating and set a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Scotiabank upped their target price on shares of Nutrien from $59.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Monday, February 10th. CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Piper Sandler upped their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Oppenheimer initiated coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.39.

Nutrien Stock Performance

NYSE:NTR opened at $52.68 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a fifty day moving average of $49.41 and a two-hundred day moving average of $48.23. The stock has a market capitalization of $25.80 billion, a PE ratio of 38.45, a P/E/G ratio of 1.17 and a beta of 0.81. Nutrien has a fifty-two week low of $43.69 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. As a group, research analysts forecast that Nutrien will post 3.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NTR. Silchester International Investors LLP lifted its position in 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 buying an additional 6,642,075 shares during the last quarter. Norges Bank acquired a new position in Nutrien in the fourth quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership lifted its position in Nutrien by 159.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company’s stock valued at $242,976,000 after buying an additional 3,341,169 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nutrien in the third quarter valued at about $150,181,000. Finally, ARGA Investment Management LP lifted its position in shares of Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after purchasing an additional 1,236,671 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.