Nutrien (TSE:NTR) Earns “Buy” Rating from Royal Bank Of Canada

Nutrien (TSE:NTR)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Sunday.

A number of other equities research analysts have also recently commented on NTR. BNP Paribas Exane upgraded Nutrien from a “hold” rating to a “strong-buy” rating and increased their target price for the company from C$99.26 to C$112.99 in a report on Tuesday, July 28th. Freedom Broker started coverage on Nutrien in a research note on Tuesday, October 27th. They set a “hold” rating on the stock. Jefferies Financial Group downgraded shares of Nutrien from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th. National Bank Financial lowered Nutrien from a “strong-buy” rating to a “hold” rating and set a C$106.63 target price on the stock. in a research report on Tuesday, August 25th. Finally, KeyCorp assumed coverage on shares of Nutrien in a research report on Thursday, September 10th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and a consensus price target of C$95.94.

Nutrien Trading Down 1.6%

Shares of NTR traded down C$1.66 during midday trading on Friday, reaching C$100.38. The company had a trading volume of 97,136 shares, compared to its average volume of 1,744,182. Nutrien has a 1-year low of C$76.91 and a 1-year high of C$116.95. The stock has a market cap of C$47.59 billion, a PE ratio of 21.92, 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 200-day simple moving average of C$98.79. The company has a quick ratio of 0.65, a current ratio of 1.41 and a debt-to-equity ratio of 54.89.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C$0.87 EPS for the quarter. The company had revenue of C$8.63 billion during the quarter. Nutrien had a net margin of 7.78% and a return on equity of 8.53%. Research 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.