Verity Asset Management Inc. Takes Position in Nutrien Ltd. (NTR)
Verity Asset Management Inc. purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, HoldingsChannel reports. The firm purchased 11,354 shares of the company’s stock, valued at approximately $594,000.
Nutrien Ltd. (NYSE:NTR) opened at $44.51 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. The firm has a market cap of $14,958.28, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.80 and a beta of 0.43. Nutrien Ltd. has a 1 year low of $40.41 and a 1 year high of $56.18.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Nutrien in a research report on Wednesday, January 10th. They set a “buy” rating and a $64.00 price target for the company. Stephens restated a “buy” rating and set a $57.00 price target on shares of Nutrien in a research report on Wednesday, February 7th. Raymond James Financial reduced their price target on shares of Nutrien from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th. HSBC assumed coverage on shares of Nutrien in a research report on Thursday, January 11th. They set a “buy” rating for the company. Finally, TD Securities reduced their price target on shares of Nutrien from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.38.
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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