Nutrien Ltd. (TSE:NTR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nutrien Ltd. (TSE:NTR) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$80.00.

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

Nutrien Stock Up 3.0%

NTR opened at C$105.04 on Friday. Nutrien has a 12 month low of C$65.35 and a 12 month high of C$116.95. The company has a market cap of C$50.54 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.26. 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 company has a 50 day moving average of C$99.84 and a 200 day moving average of C$88.37.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported C$1.14 earnings per share (EPS) for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%.The firm had revenue of C$5.34 billion for the quarter. On average, sell-side analysts expect that Nutrien will post 5.3416399 EPS for the current 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.