Nutrien (TSE:NTR) Shares Climb 2.9% - Here's What Happened

Key Points

• Nutrien shares rose 2.9% to C$99.16, reaching as high as C$99.26, with trading volume 38% above its average.
• Analyst opinions remain mixed, but Nutrien carries a consensus “Moderate Buy” rating; the average price target is C$74.33.
• In its latest quarterly results, Nutrien reported C$3.71 EPS and C$15.36 billion in revenue, alongside an 8.44% net margin and 9.27% return on equity.

Nutrien Ltd. (TSE:NTR - Get Free Report)'s stock price shot up 2.9% during trading on Tuesday. The stock traded as high as C$99.26 and last traded at C$99.16. 2,411,231 shares were traded during trading, an increase of 38% from the average daily volume of 1,751,807 shares. The stock had previously closed at C$96.33.

Wall Street Analyst Weigh In

NTR has been the topic of several recent analyst reports. Scotiabank raised shares of Nutrien from a "hold" rating to a "sector outperform" rating and set a C$80.00 price objective on the stock in a research report on Tuesday, June 30th. Jefferies Financial Group cut Nutrien from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$96.00 to C$63.00 in a research report on Thursday, July 16th. BNP Paribas Exane raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. KeyCorp raised Nutrien to a "hold" rating in a report on Thursday, September 10th. Finally, National Bank Financial cut Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$74.33.

Nutrien Stock Up 2.9%

The firm has a market capitalization of C$47.32 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.15 and a beta of 0.69. The company has a 50 day simple moving average of C$102.11 and a two-hundred day simple moving average of C$98.42. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 49.14.

Nutrien (TSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share (EPS) 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. On average, equities analysts predict that Nutrien Ltd. will post 5.34 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.