J.P. Morgan Keeps a Buy Rating on Nutrien (NTR)

In a report released yesterday, Jeffrey Zekauskas from J.P. Morgan maintained a Buy rating on Nutrien (NTRResearch Report), with a price target of $120.00. The company’s shares closed last Tuesday at $105.62.

According to TipRanks.com, Zekauskas is a 5-star analyst with an average return of 8.9% and a 64.9% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Sherwin-Williams Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nutrien with a $109.31 average price target, which is a 6.1% upside from current levels. In a report issued on April 21, RBC Capital also maintained a Buy rating on the stock with a $135.00 price target.

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Nutrien’s market cap is currently $58.39B and has a P/E ratio of 19.08.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Canada-based Nutrien Ltd. is a crop nutrient company, which produces and distributes potash, nitrogen and phosphate products for agricultural, industrial and feed manufacturers.

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