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.
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.
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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