Nutrien Ltd. (TSE:NTR) Stock Has Average Target Price of C$74.33 According to Analysts

Nutrien Ltd. (TSE:NTR) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$74.33.

Several research analysts recently weighed in on NTR shares. KeyCorp raised shares of Nutrien to a “hold” rating in a report on Thursday, September 10th. BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price objective on the stock in a research report on Tuesday, June 30th. National Bank Financial downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group lowered Nutrien from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th.

Nutrien Price Performance

Shares of TSE:NTR opened at C$100.81 on Thursday. The company has a market capitalization of C$48.11 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.15 and a beta of 0.69. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The firm’s 50 day simple moving average is C$102.54 and its two-hundred day simple moving average is C$98.38. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$3.71 earnings per share (EPS) for the quarter. The firm had revenue of C$15.36 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. Research analysts expect that Nutrien will post 5.34 EPS for the current fiscal year.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.