Nutrien (TSE:NTR) Issues Quarterly Earnings Results

Nutrien (TSE:NTR) posted its quarterly earnings results on Wednesday. The company reported C$0.85 EPS for the quarter, FiscalAI reports. The company had revenue of C$8.63 billion for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%.

Nutrien Stock Up 3.4%

NTR stock traded up C$3.29 during trading on Wednesday, hitting C$100.36. 1,560,124 shares of the company’s stock traded hands, compared to its average volume of 1,757,579. The firm has a market capitalization of C$47.89 billion, a P/E ratio of 20.32, a PEG ratio of 1.15 and a beta of 0.69. The business has a fifty day simple moving average of C$102.32 and a two-hundred day simple moving average of C$98.64. The company has a quick ratio of 0.65, a current ratio of 1.39 and a debt-to-equity ratio of 49.14. Nutrien has a 1 year low of C$75.81 and a 1 year high of C$116.95.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. National Bank Financial downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Jefferies Financial Group cut Nutrien from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th. KeyCorp started coverage on Nutrien in a report on Thursday, September 10th. They set a “hold” rating on the stock. BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Freedom Broker began coverage on Nutrien in a research report on Tuesday, October 27th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$74.33.

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.