Nutrien (TSE:NTR) Announces Earnings Results

Nutrien (TSE:NTR) released its earnings results on Wednesday. The company reported C$0.87 EPS for the quarter, FiscalAI reports. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. The firm had revenue of C$8.63 billion during the quarter.

Nutrien Stock Performance

Shares of Nutrien stock opened at C$100.36 on Thursday. The company has a market capitalization of C$47.89 billion, a PE ratio of 20.32, a PEG ratio of 1.15 and a beta of 0.69. Nutrien has a 12 month low of C$75.81 and a 12 month high of C$116.95. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 49.14. The stock’s fifty day simple moving average is C$102.31 and its 200 day simple moving average is C$98.67.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTR shares. Freedom Broker began coverage on Nutrien in a report on Tuesday, October 27th. They set a “hold” rating on the stock. KeyCorp started coverage on Nutrien in a research note on Thursday, September 10th. They issued a “hold” rating for the company. Jefferies Financial Group downgraded shares of Nutrien from a “buy” rating to a “hold” rating and cut their price target 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 research note on Tuesday, July 28th. Finally, National Bank Financial lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.33.

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.