Nutrien (TSE:NTR) Releases Earnings Results

Nutrien (TSE:NTR) issued its earnings results on Wednesday. The company reported C$0.87 EPS for the quarter, FiscalAI reports. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. The firm had revenue of C$8.63 billion during the quarter.

Nutrien Stock Performance

Shares of TSE:NTR opened at C$101.10 on Friday. The business’s fifty day moving average price is C$102.29 and its two-hundred day moving average price is C$98.72. Nutrien has a fifty-two week low of C$76.70 and a fifty-two week high of C$116.95. The stock has a market capitalization of C$48.25 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.52. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NTR. Jefferies Financial Group lowered shares of 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 report on Thursday, July 16th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. National Bank Financial lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Freedom Broker initiated coverage on shares of Nutrien in a research note on Tuesday, October 27th. They issued a “hold” rating on the stock. Finally, KeyCorp assumed coverage on shares of Nutrien in a research note on Thursday, September 10th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of C$74.33.

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.