Nutrien (NTR) PT Lowered to $50.00 at Credit Suisse Group

Nutrien (NYSE:NTR) had its price objective trimmed by Credit Suisse Group from $53.00 to $50.00 in a report released on Wednesday. The brokerage currently has a neutral rating on the stock.

NTR has been the subject of several other research reports. Zacks Investment Research raised shares of Nutrien from a hold rating to a strong-buy rating and set a $61.00 price objective for the company in a research report on Saturday, January 13th. Cowen reissued an outperform rating and set a $60.00 target price on shares of Nutrien in a research note on Thursday, January 4th. BMO Capital Markets assumed coverage on Nutrien in a research note on Wednesday, January 3rd. They set a market perform rating and a $54.00 target price for the company. Royal Bank of Canada assumed coverage on Nutrien in a research note on Monday, January 8th. They set an outperform rating and a $60.00 target price for the company. Finally, Citigroup raised Nutrien from a neutral rating to a buy rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $58.38.

Shares of Nutrien (NTR) opened at $46.81 on Wednesday. Nutrien has a 52-week low of $40.41 and a 52-week high of $56.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99. The firm has a market cap of $15,748.03, a PE ratio of 37.49, a P/E/G ratio of 1.91 and a beta of 0.43.

An institutional investor recently bought a new position in Nutrien stock. Verity Asset Management Inc. acquired a new stake in Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,354 shares of the company’s stock, valued at approximately $594,000.

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About Nutrien

Nutrien Ltd. produces and distributes potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers worldwide. It offers potash crop feed, fertilizer, industrial, metal finishing, and purified acid products, as well as blends. The company is also involved in the retail operations that serve growers in seven countries across three continents.

Analyst Recommendations for Nutrien (NYSE:NTR)

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