Scotiabank Upgrades Nutrien (TSE:NTR) to Sector Outperform

Nutrien (TSE:NTR – Get Rating) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Monday, PriceTargets.com reports. Scotiabank also issued estimates for Nutrien’s FY2024 earnings at $11.82 EPS.

Other analysts have also issued reports about the stock. Credit Suisse Group initiated coverage on shares of Nutrien in a research report on Monday, January 9th. They issued a “sell” rating and a C$65.00 price target on the stock. Royal Bank of Canada lowered their target price on Nutrien from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$104.57.

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Nutrien Stock Up 2.7 %

Nutrien stock opened at C$98.68 on Monday. Nutrien has a 1-year low of C$91.08 and a 1-year high of C$147.93. The company has a debt-to-equity ratio of 46.12, a current ratio of 1.14 and a quick ratio of 0.65. The stock’s 50 day moving average price is C$103.44 and its 200 day moving average price is C$105.51. The company has a market cap of C$49.32 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of 0.36 and a beta of 0.88.

Nutrien (TSE:NTR – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported C$2.74 EPS for the quarter, missing the consensus estimate of C$3.56 by C($0.82). The firm had revenue of C$10.23 billion for the quarter, compared to analysts’ expectations of C$10.22 billion. Nutrien had a return on equity of 31.02% and a net margin of 20.70%. On average, sell-side analysts predict that Nutrien will post 12.8223776 EPS for the current fiscal year.

Nutrien Company Profile

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Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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