Nutrien Ltd. (NYSE:NTR) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,443,092 shares, a decrease of 42.7% from the January 12th total of 2,518,046 shares. Based on an average daily trading volume, of 1,664,172 shares, the days-to-cover ratio is currently 0.9 days.
Several equities analysts have weighed in on the company. TD Securities reissued a “buy” rating and issued a $65.00 target price on shares of Nutrien in a research note on Tuesday, January 9th. Goldman Sachs Group assumed coverage on Nutrien in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price on the stock. Morgan Stanley assumed coverage on Nutrien in a research note on Friday, January 26th. They issued an “equal weight” rating and a $55.00 target price on the stock. Zacks Investment Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, HSBC initiated coverage on Nutrien in a research note on Thursday, January 11th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.50.
A hedge fund recently bought a new stake in Nutrien stock. Verity Asset Management Inc. bought a new stake in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,354 shares of the company’s stock, valued at approximately $594,000.
Shares of Nutrien (NYSE NTR) opened at $44.59 on Friday. The company has a market capitalization of $28,690.00 and a PE ratio of 35.76. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. Nutrien has a 1 year low of $40.41 and a 1 year high of $56.18.
Nutrien Company Profile
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.
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