Barclays Upgrades Nutrien (TSE:NTR) to Strong-Buy

Key Points

• Barclays upgraded Nutrien (TSE:NTR) from a "hold" to a strong-buy, and along with recent moves by Jefferies and Wells Fargo the analyst mix now includes three Strong Buys, one Buy, four Holds and one Sell, leaving a MarketBeat consensus of Moderate Buy with a consensus target of C$80.00.
• Nutrien opened at C$98.62, trades in a 52‑week range of C$74.58–C$116.95, has a market cap of C$47.45 billion and a P/E of 21.16, and last reported quarterly EPS of C$1.14 on C$5.34 billion in revenue.

Nutrien (TSE:NTR - Get Free Report) was upgraded by equities research analysts at Barclays from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. BNP Paribas Exane lowered Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. UBS Group cut shares of Nutrien from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. Jefferies Financial Group upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. TD Securities raised their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Nutrien has an average rating of "Moderate Buy" and a consensus target price of C$80.00.

Nutrien Stock Up 0.8%

TSE NTR opened at C$98.62 on Monday. Nutrien has a 52 week low of C$74.58 and a 52 week high of C$116.95. The firm has a market capitalization of C$47.45 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.15 and a beta of 0.99. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 51.16. The company has a fifty day moving average of C$102.53 and a two-hundred day moving average of C$91.54.

Nutrien (TSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$1.14 EPS for the quarter. The firm had revenue of C$5.34 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. On average, analysts predict that Nutrien will post 5.3416399 earnings per share 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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