Nutrien (NTR) Updates FY18 Earnings Guidance
Nutrien (NYSE:NTR) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.10-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.40.
Nutrien (NYSE NTR) traded down $1.69 during midday trading on Monday, hitting $48.29. 2,332,903 shares of the stock were exchanged, compared to its average volume of 1,720,000. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $32,200.00 and a PE ratio of 35.10. Nutrien has a 12-month low of $48.21 and a 12-month high of $56.18.
NTR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Nutrien from a hold rating to a strong-buy rating and set a $61.00 price target on the stock in a report on Saturday, January 13th. Cowen restated an outperform rating and issued a $60.00 price target on shares of Nutrien in a report on Thursday, January 4th. BMO Capital Markets initiated coverage on shares of Nutrien in a report on Wednesday, January 3rd. They issued a market perform rating and a $54.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Nutrien in a report on Monday, January 8th. They issued an outperform rating and a $60.00 price target on the stock. Finally, Citigroup upgraded shares of Nutrien from a neutral rating to a buy rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Nutrien has an average rating of Buy and a consensus price target of $59.08.
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