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

Key Points

• Nutrien has a consensus “Moderate Buy” rating from 11 analysts, with three buy, three strong-buy, four hold and one sell recommendation. The average 12-month price target is C$74.33.
• Recent analyst views have been mixed: Scotiabank upgraded the stock to “sector outperform” with an C$80 target, while Jefferies cut its rating to “hold” and lowered its target from C$96 to C$63.
• Nutrien reported quarterly revenue of C$15.36 billion and EPS of C$3.71, with a 9.27% return on equity and an 8.44% net margin. Shares opened at C$99.48, versus a 52-week range of C$74.77 to C$116.95.

Shares of Nutrien Ltd. (TSE:NTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$74.33.

NTR has been the topic of a number of research reports. KeyCorp raised Nutrien to a "hold" rating in a report on Thursday, September 10th. 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 note on Tuesday, June 30th. National Bank Financial downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Jefferies Financial Group downgraded Nutrien from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$96.00 to C$63.00 in a report on Thursday, July 16th. Finally, BNP Paribas Exane upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th.

Nutrien Price Performance

Shares of NTR opened at C$99.48 on Thursday. The firm has a market capitalization of C$47.47 billion, a PE ratio of 20.14, a price-to-earnings-growth 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. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company's fifty day moving average price is C$102.22 and its 200-day moving average price is C$98.40.

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

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