Nutrien (NTR) Stock Price Down 5.1%

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Shares of Nutrien Ltd (NYSE:NTR) dropped 5.1% during mid-day trading on Friday . The stock traded as low as $50.43 and last traded at $50.47. Approximately 3,003,865 shares changed hands during trading, an increase of 83% from the average daily volume of 1,641,521 shares. The stock had previously closed at $53.17.

NTR has been the topic of several analyst reports. BMO Capital Markets upgraded Nutrien from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Citigroup dropped their target price on Nutrien from $66.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, January 7th. Morgan Stanley reiterated an “equal weight” rating and set a $56.00 target price on shares of Nutrien in a report on Wednesday, December 12th. Zacks Investment Research lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Raymond James restated a “strong-buy” rating and issued a $70.00 price objective on shares of Nutrien in a research note on Thursday, February 7th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $61.69.

The company has a market cap of $32.30 billion, a PE ratio of 18.76, a P/E/G ratio of 1.69 and a beta of 0.79.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.61 billion. Nutrien had a return on equity of 12.95% and a net margin of 18.20%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts forecast that Nutrien Ltd will post 3.02 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Litman Gregory Asset Management LLC acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $26,000. PRW Wealth Management LLC acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC grew its position in shares of Nutrien by 38.3% in the fourth quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after purchasing an additional 250 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $53,000. Finally, Resources Investment Advisors Inc. acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $59,000. 66.36% of the stock is currently owned by institutional investors.

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Nutrien Company Profile (NYSE:NTR)

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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