Analysts are Downgrading These 5 Stocks

2. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 48

Shares of Nutrien Ltd. (NYSE:NTR) plummeted to a nearly seven-month low on Thursday, November 3, following its disappointing results for the third quarter. Referring to the latest earnings miss, research firm Scotiabank downgraded the fertilizer giant from “Outperform” to “Sector Perform.”

Nutrien Ltd. (NYSE:NTR) earned $2.51 per share on an adjusted basis, missing the consensus of $3.97 per share with a big margin. Moreover, the quarterly revenue of $8.18 billion also came in below the consensus of $8.78 billion.

Meanwhile, Nutrien Ltd. (NYSE:NTR) also lowered its full-year profit outlook amid lower potash sales volumes and weakening prices. The company now expects adjusted earnings in the range of $13.25 – $14.50 per share, well below its previous guidance between $15.80 – $17.80 per share.

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