Nutrien (TSE:NTR) Given “Buy” Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Nutrien (TSE:NTR) in a report released on Sunday morning.

Several other research firms have also weighed in on NTR. National Bank Financial lowered Nutrien from a “strong-buy” rating to a “hold” rating and set a C$106.63 price target on the stock. in a research report 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. Freedom Broker initiated coverage on Nutrien in a report on Tuesday, October 27th. They issued a “hold” rating for the company. KeyCorp started coverage on shares of Nutrien in a research note on Thursday, September 10th. They issued a “hold” rating for the company. Finally, BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating and raised their target price for the company from C$99.26 to C$112.99 in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.94.

Nutrien Stock Down 1.3%

Shares of TSE NTR traded down C$1.34 during mid-day trading on Friday, hitting C$100.70. The company had a trading volume of 87,383 shares, compared to its average volume of 1,744,182. The company has a market capitalization of C$47.74 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.15 and a beta of 0.52. The firm has a 50-day simple moving average of C$102.28 and a two-hundred day simple moving average of C$98.79. The company has a current ratio of 1.41, a quick ratio of 0.65 and a debt-to-equity ratio of 54.89. Nutrien has a one year low of C$76.91 and a one year high of C$116.95.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, November 4th. The company reported C$0.87 earnings per share (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 for the quarter. On average, equities analysts expect that Nutrien will post 5.34 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.