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

Shares of Nutrien Ltd. (TSE:NTR) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$74.33.

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

Nutrien Trading Down 2.7%

NTR opened at C$98.12 on Thursday. Nutrien has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95. The firm has a market capitalization of C$46.82 billion, a PE ratio of 19.86, a P/E/G ratio of 1.15 and a beta of 0.69. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65. The company’s 50-day moving average is C$102.66 and its 200 day moving average is C$98.27.

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

Nutrien Company Profile

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.