Brokerages Set Nutrien Ltd. (TSE:NTR) Target Price at C$80.00

Shares of Nutrien Ltd. (TSE:NTR) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$80.00.

Several equities research analysts have recently weighed in on NTR shares. BNP Paribas Exane downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. TD Securities boosted their price target on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Jefferies Financial Group raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, UBS Group downgraded Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th.

Nutrien Price Performance

NTR stock opened at C$105.12 on Friday. The business has a 50 day moving average price of C$100.93 and a 200 day moving average price of C$89.29. 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 stock has a market cap of C$50.58 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.15 and a beta of 1.26. Nutrien has a fifty-two week low of C$65.35 and a fifty-two week high of C$116.95.

Nutrien (TSE:NTR) last posted its 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 for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. Equities research analysts anticipate 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.