Zacks Investment Research Lowers Nutrien (NYSE:NTR) to Sell

Zacks Investment Research lowered shares of Nutrien (NYSE:NTR) from a hold rating to a sell rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Nutrien Ltd. produces and sells fertilizers and related industrial and feed products. The company’s products primarily include standard and granular potash; diammonium phosphate, monoammonium phosphate and phosphoric acid and ammonia, urea, nitric acid, ammonium nitrate and nitrogen solutions, as well as purified acids and phosphate feed products. Nutrien Ltd., formerly known as Potash Corporation of Saskatchewan Inc., is headquartered in Saskatoon, Canada. “

Several other research analysts have also commented on NTR. Bank of America upgraded Nutrien from an underperform rating to a buy rating in a research report on Monday, July 13th. Susquehanna Bancshares cut their target price on Nutrien from $54.00 to $44.00 and set a positive rating on the stock in a research note on Thursday, April 9th. TD Securities cut their target price on Nutrien from $45.00 to $44.00 and set a buy rating on the stock in a research note on Friday, May 8th. Citigroup raised Nutrien from a neutral rating to a buy rating and lifted their target price for the company from $31.00 to $45.00 in a research note on Thursday, April 9th. Finally, Raymond James set a $48.00 price objective on Nutrien and gave the stock a strong-buy rating in a research note on Thursday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Nutrien currently has an average rating of Buy and an average target price of $49.48.

Shares of NTR traded down $0.70 during trading hours on Thursday, reaching $32.59. 1,381,286 shares of the company traded hands, compared to its average volume of 1,470,580. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $18.57 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. Nutrien has a fifty-two week low of $23.85 and a fifty-two week high of $55.25. The stock has a fifty day simple moving average of $33.71 and a 200 day simple moving average of $36.42.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Nutrien had a return on equity of 4.66% and a net margin of 4.49%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Research analysts predict that Nutrien will post 1.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a yield of 5.52%. Nutrien’s payout ratio is 82.95%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. bought a new position in Nutrien in the 4th quarter valued at $26,000. Lindbrook Capital LLC lifted its stake in shares of Nutrien by 227.1% in the 1st quarter. Lindbrook Capital LLC now owns 736 shares of the company’s stock valued at $25,000 after purchasing an additional 511 shares during the period. Harwood Advisory Group LLC acquired a new stake in Nutrien during the 1st quarter worth $28,000. CFM Wealth Partners LLC acquired a new stake in Nutrien during the 1st quarter worth $33,000. Finally, Flagship Harbor Advisors LLC raised its stake in Nutrien by 180.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,064 shares of the company’s stock worth $36,000 after buying an additional 685 shares during the period. Hedge funds and other institutional investors own 61.87% of the company’s stock.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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