Nutrien (TSE:NTR) Posts Earnings Results

Nutrien (TSE:NTR) announced its earnings results on Wednesday. The company reported C$0.71 EPS for the quarter, FiscalAI reports. The business had revenue of C$8.41 billion for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%.

Nutrien Stock Up 0.8%

Shares of Nutrien stock traded up C$0.71 during trading on Friday, reaching C$94.00. 174,538 shares of the company traded hands, compared to its average volume of 1,790,693. The firm has a market capitalization of C$45.23 billion, a PE ratio of 20.17, a P/E/G ratio of 1.15 and a beta of 1.12. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a 50 day moving average price of C$102.90 and a 200-day moving average price of C$92.34. The company has a debt-to-equity ratio of 51.16, a current ratio of 1.34 and a quick ratio of 0.65.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. BNP Paribas Exane downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Wells Fargo & Company upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Finally, Barclays raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average price target of C$80.00.

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.