Nutrien (TSE:NTR) Now Covered by Analysts at Freedom Broker

Key Points

• Freedom Broker initiated coverage of Nutrien with a “hold” rating.
• Analyst sentiment remains mixed, though Nutrien has a consensus “Moderate Buy” rating and an average price target of C$74.33; recent actions included downgrades from Jefferies and National Bank Financial and upgrades from BNP Paribas Exane and Scotiabank.
• Nutrien reported quarterly earnings of C$3.71 per share on C$15.36 billion in revenue, with analysts expecting full-year EPS of C$5.34.

Equities researchers at Freedom Broker assumed coverage on shares of Nutrien (TSE:NTR - Get Free Report) in a research note issued on Tuesday, Zacks reports. The brokerage set a "hold" rating on the stock.

Several other research analysts have also weighed in on the company. Jefferies Financial Group lowered Nutrien from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$96.00 to C$63.00 in a report on Thursday, July 16th. National Bank Financial lowered 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. Scotiabank upgraded Nutrien from a "hold" rating to a "sector outperform" rating and set a C$80.00 price objective for the company in a research report on Tuesday, June 30th. Finally, KeyCorp raised Nutrien to a "hold" rating in a research note on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Nutrien presently has a consensus rating of "Moderate Buy" and an average price target of C$74.33.

Nutrien Stock Down 1.0%

Shares of TSE NTR opened at C$96.52 on Tuesday. Nutrien has a 52-week low of C$74.77 and a 52-week high of C$116.95. The company has a debt-to-equity ratio of 49.14, a quick ratio of 0.65 and a current ratio of 1.39. The stock has a market cap of C$46.06 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.15 and a beta of 0.69. The firm has a 50 day moving average price of C$102.66 and a 200 day moving average price of C$98.42.

Nutrien (TSE:NTR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. The company had revenue of C$15.36 billion for the quarter. Analysts expect that Nutrien will post 5.34 EPS for the current 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.

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