Nutrien (NYSE:NTR) Coverage Initiated at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group began coverage on shares of Nutrien (NYSE:NTR) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a “sell” rating and a $53.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 4.30% from the company’s current price.

Several other equities research analysts have also weighed in on NTR. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Mizuho raised their target price on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. UBS Group raised their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Scotiabank raised their target price on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.13.

Nutrien Stock Performance

Shares of NYSE NTR opened at $50.82 on Thursday. The stock has a fifty day moving average price of $51.26 and a two-hundred day moving average price of $48.67. 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 firm has a market cap of $24.86 billion, a P/E ratio of 37.09, a PEG ratio of 1.19 and a beta of 0.81. Nutrien has a 1 year low of $43.70 and a 1 year high of $60.87.

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

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of NTR. Vanguard Group Inc. grew its position in shares of Nutrien by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock valued at $885,009,000 after purchasing an additional 325,210 shares during the last quarter. Dodge & Cox grew its position in shares of Nutrien by 0.3% in the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock valued at $560,416,000 after purchasing an additional 40,800 shares during the last quarter. Silchester International Investors LLP grew its position in shares of Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock valued at $426,436,000 after purchasing an additional 77,174 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company’s stock valued at $317,951,000 after purchasing an additional 721,935 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

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.