Nutrien (TSE:NTR) Raised to Moderate Buy at Raymond James Financial

Key Points

• Raymond James upgraded Nutrien from "hold" to a Moderate Buy, joining several firms that raised ratings (Jefferies, Barclays, Wells Fargo) while UBS issued a "strong sell," leaving a MarketBeat consensus rating of Moderate Buy with a C$80.00 price target.
• The stock opened at C$105.24 with a market cap of C$50.64B and a P/E of 22.58, trading well above the consensus price target of C$80.00; its 12‑month range is C$74.58–C$116.95.
• In the most recent quarter (Feb. 18) Nutrien reported EPS of C$1.14 and revenue of C$5.34B, with a net margin of 8.44% and analysts forecasting roughly C$5.34 EPS for the fiscal year.

Nutrien (TSE:NTR - Get Free Report) was upgraded by Raymond James Financial from a "hold" rating to a "moderate buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on NTR. Jefferies Financial Group upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Barclays upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Wells Fargo & Company raised Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 13th. TD Securities increased their price target on Nutrien from C$72.00 to C$80.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Finally, UBS Group downgraded Nutrien from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 26th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$80.00.

Nutrien Stock Performance

Shares of NTR opened at C$105.24 on Tuesday. The firm has a market cap of C$50.64 billion, a PE ratio of 22.58, a P/E/G ratio of 1.15 and a beta of 1.12. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 51.16. The stock has a fifty day moving average price of C$102.98 and a 200-day moving average price of C$92.10. Nutrien has a 12 month low of C$74.58 and a 12 month high of C$116.95.

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