Nutrien Ltd. (NYSE: NTR) sees significant increase in overdraft interest

Nutrien Ltd. (NYSE: NTR) was the target of significant short-term interest growth in November. As of November 30, there was short interest totaling 4,020,000 shares, an increase of 35.8% over the November 15 total of 2,960,000 shares. Based on an average trading volume of 1,800,000 shares, the short-term interest ratio is currently 2.2 days. Currently 0.7% of stocks are sold short.

Several institutional investors and hedge funds have recently increased or reduced their holdings in NTR. Kings Point Capital Management purchased a new position in Nutrien shares during the third quarter valued at approximately $ 32,000. Herold Advisors Inc. purchased a new position in Nutrien shares during the third quarter valued at approximately $ 38,000. Eagle Bay Advisors LLC purchased a new position in Nutrien shares during the second quarter valued at approximately $ 46,000. Sandy Spring Bank increased its stake in Nutrien shares by 63.6% during the second quarter. Sandy Spring Bank now owns 759 shares of the company valued at $ 46,000 after purchasing an additional 295 shares in the last quarter. Finally, Bbva USA purchased a new position in Nutrien shares during the second quarter valued at approximately $ 67,000. 61.39% of the shares are currently held by hedge funds and other institutional investors.

Several brokerages recently commented on NTR. Bank Berenberg reaffirmed a “buy” note and issued a price target of $ 77.00 on Nutrien shares in a research report released on Tuesday, August 31. TD Securities raised its price target for Nutrien from $ 76.00 to $ 83.00 and assigned the company a “buy” rating in a research report released Thursday, October 28. JPMorgan Chase & Co. raised its price target on Nutrien from $ 75 to $ 85 and gave the company an “overweight” rating in a research report released on Friday, October 1. HSBC raised its price target on Nutrien from $ 68.00 to $ 73.00 and gave the company a “buy” rating in a research report on Friday, August 20. Finally, Piper Sandler threw coverage on Nutrien in a research report on Thursday. They issued a “neutral” rating and a target price of $ 80.00 on the stock. One research analyst rated the stock with a sell rating, four assigned a conservation rating, and ten assigned a buy rating to the company’s stock. According to MarketBeat data, the stock currently has an average rating of “Buy” and an average target price of $ 76.07.

(A d)

Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million in Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the symbol “KSCP.”

Actions of NYSE NTR opened for $ 70.84 on Friday. The company’s 50-day moving average is $ 69.37 and its two-hundred-day moving average is $ 64.45. The company has a leverage ratio of 0.43, a current ratio of 1.49, and a quick ratio of 0.94. Nutrien has a one-year minimum of $ 46.25 and a one-year maximum of $ 73.50. The stock has a market cap of $ 40.28 billion, a P / E ratio of 17.89, a PEG ratio of 1.61 and a beta of 0.88.

Nutrien (NYSE: NTR) last released its quarterly earnings data on Monday, November 1. The company reported earnings per share of $ 1.38 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.23 of $ 0.15. Nutrien had a return on equity of 9.98% and a net margin of 9.26%. The company posted revenue of $ 6.02 billion for the quarter, compared to $ 5.59 billion expected by analysts. During the same period of the previous year, the company posted earnings per share of $ 0.23. The company’s revenue for the quarter increased 42.5% year-over-year. As a group, equity research analysts predict Nutrien will post earnings per share of 5.4 for the current fiscal year.

The company also recently unveiled a quarterly dividend, which will be paid on Friday, January 14. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.46 per share. The ex-dividend date for this dividend is Thursday, December 30. This represents an annualized dividend of $ 1.84 and a return of 2.60%. Nutrien’s distribution rate is currently 46.46%.

Nutrien Company Profile

Nutrien Ltd. is a crop nutrient company engaged in the production and distribution of products for agricultural, industrial and food customers. It operates in the following segments: retail, potash, nitrogen and phosphate. The Retail segment distributes nutrients for crops, crop protection products, seeds and commodities.

Feature article: What is the definition of a trade war?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Nutrien now?

Before you consider Nutrien, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and Nutrien was not on the list.

While Nutrien currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here