Nutrien’s (NTR) Buy Rating Reaffirmed at Royal Bank Of Canada

Nutrien (TSE:NTR)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Sunday.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group lowered shares of Nutrien from a “buy” rating to a “hold” rating and reduced 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 upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from C$99.26 to C$112.99 in a research report on Tuesday, July 28th. National Bank Financial lowered Nutrien from a “strong-buy” rating to a “hold” rating and set a C$106.63 price objective for the company. in a research note on Tuesday, August 25th. KeyCorp assumed coverage on Nutrien in a research note on Thursday, September 10th. They issued a “hold” rating on the stock. Finally, Freedom Broker assumed coverage on Nutrien in a research note on Tuesday, October 27th. They set a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$95.94.

Nutrien Trading Down 1.3%

Nutrien stock traded down C$1.34 during trading hours on Friday, reaching C$100.70. The stock had a trading volume of 87,383 shares, compared to its average volume of 1,744,182. The stock has a market cap of C$47.74 billion, a PE ratio of 21.99, a PEG ratio of 1.15 and a beta of 0.52. Nutrien has a 52 week low of C$76.91 and a 52 week high of C$116.95. The company has a fifty day simple moving average of C$102.28 and a 200-day simple moving average of C$98.79. The company has a debt-to-equity ratio of 54.89, a current ratio of 1.41 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$0.87 EPS for the quarter. Nutrien had a return on equity of 8.53% and a net margin of 7.78%. The business had revenue of C$8.63 billion during the quarter. Analysts forecast that Nutrien will post 5.34 EPS 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.