Piper Sandler analyst Charles Neivert maintained a Sell rating on Nutrien (NTR – Research Report) today and set a price target of $56.00. The company’s shares closed yesterday at $57.17.
Neivert covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, Lsb Industries, and Celanese. According to TipRanks, Neivert has an average return of -1.1% and a 45.06% success rate on recommended stocks.
Currently, the analyst consensus on Nutrien is a Moderate Buy with an average price target of $66.00.
Based on Nutrien’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.39 billion and a net profit of $158 million. In comparison, last year the company earned a revenue of $6.11 billion and had a net profit of $269 million
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NTR in relation to earlier this year.
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Nutrien (NTR) Company Description:
Canada-based Nutrien Ltd. is a crop nutrient company, which produces and distributes potash, nitrogen and phosphate products for agricultural, industrial and feed manufacturers.
