Macquarie Initiates Coverage on Nutrien (NTR)

Macquarie assumed coverage on shares of Nutrien (NYSE:NTR) in a research note released on Friday, MarketBeat Ratings reports. The firm issued an outperform rating and a $59.00 price target on the stock.

Several other brokerages have also recently weighed in on NTR. Sanford C. Bernstein began coverage on Nutrien in a research report on Wednesday, January 3rd. They issued an outperform rating for the company. UBS Group reissued a buy rating on shares of Nutrien in a research note on Wednesday, January 3rd. Cowen reissued an outperform rating and set a $60.00 price objective on shares of Nutrien in a research note on Thursday. Finally, BMO Capital Markets began coverage on Nutrien in a research note on Wednesday, January 3rd. They set a market perform rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Nutrien presently has an average rating of Hold and an average price target of $56.57.

Shares of Nutrien (NTR) traded down $1.89 during midday trading on Friday, hitting $53.84. The stock had a trading volume of 1,530,000 shares, compared to its average volume of 1,770,000. The stock has a market capitalization of $35,900.00 and a PE ratio of 40.53. Nutrien has a one year low of $51.81 and a one year 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.

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