Scotiabank Has Bullish Estimate for Nutrien FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for Nutrien to $6.68 from $6.66 and maintained a “Sector Outperform” rating with an $80 price target.
• Nutrien’s latest quarter included C$3.71 in EPS and C$15.36 billion in revenue, with an 8.44% net margin and 9.27% return on equity.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of C$74.33, despite several recent downgrades to “Hold.”

Nutrien Ltd. (TSE:NTR - Free Report) - Research analysts at Scotiabank raised their FY2027 earnings per share estimates for Nutrien in a note issued to investors on Thursday, October 22nd. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of $6.68 for the year, up from their prior estimate of $6.66. Scotiabank currently has a "Sector Outperform" rating and a $80.00 price target on the stock. The consensus estimate for Nutrien's current full-year earnings is $5.34 per share.

Nutrien (TSE:NTR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. The business had revenue of C$15.36 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%.

NTR has been the subject of a number of other research reports. National Bank Financial downgraded shares of Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Jefferies Financial Group cut shares of Nutrien from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$96.00 to C$63.00 in a report on Thursday, July 16th. KeyCorp upgraded shares of Nutrien to a "hold" rating in a research report on Thursday, September 10th. Finally, BNP Paribas Exane upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$74.33.

Nutrien Price Performance

Shares of NTR opened at C$97.63 on Monday. The firm has a market cap of C$46.59 billion, a P/E ratio of 19.76, 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 quick ratio of 0.65 and a current ratio of 1.39. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The firm's 50-day simple moving average is C$102.88 and its 200 day simple moving average is C$98.04.

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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