Nutrien (NYSE:NTR) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Nutrien (NYSE:NTR) announced its earnings results on Wednesday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09), Zacks reports. Nutrien had a return on equity of 6.99% and a net margin of 2.79%.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.69 during mid-day trading on Wednesday, reaching $52.35. 2,798,533 shares of the company were exchanged, compared to its average volume of 2,288,583. The company’s 50-day simple moving average is $49.13 and its 200-day simple moving average is $48.13. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $25.71 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.14 and a beta of 0.81. Nutrien has a twelve month low of $43.69 and a twelve month high of $60.87.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer assumed coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. CIBC restated an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Barclays restated an “equal weight” rating and set a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, UBS Group increased their price target on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Nutrien Company Profile

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.