Barclays Initiates Coverage on Nutrien (TSE:NTR)

Research analysts at Barclays assumed coverage on shares of Nutrien (TSE:NTRGet Rating) in a report issued on Wednesday, TipRanks reports. The brokerage set a “buy” rating and a C$116.00 price target on the stock. Barclays‘s price objective indicates a potential downside of 3.45% from the company’s current price.

Several other brokerages have also recently commented on NTR. Piper Sandler reaffirmed a “buy” rating and set a C$125.00 price target on shares of Nutrien in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of Nutrien from C$85.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 22nd. assumed coverage on shares of Nutrien in a research note on Thursday, April 14th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Nutrien in a research note on Friday, March 4th. They set a “buy” rating and a C$95.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Nutrien to C$158.00 and gave the stock a “buy” rating in a research note on Tuesday, March 22nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$103.62.

Shares of NTR stock traded down C$3.46 during trading hours on Wednesday, hitting C$120.15. 659,815 shares of the company were exchanged, compared to its average volume of 1,779,533. The company has a debt-to-equity ratio of 50.24, a quick ratio of 0.47 and a current ratio of 1.14. Nutrien has a one year low of C$71.40 and a one year high of C$147.93. The business’s 50-day simple moving average is C$130.53 and its two-hundred day simple moving average is C$108.88. The stock has a market capitalization of C$66.24 billion and a price-to-earnings ratio of 12.00.

Nutrien (TSE:NTRGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The company reported C$3.42 EPS for the quarter, topping the consensus estimate of C$3.27 by C$0.15. The company had revenue of C$9.70 billion for the quarter, compared to the consensus estimate of C$9.86 billion. As a group, analysts anticipate that Nutrien will post 17.3600003 EPS for the current fiscal year.

About Nutrien (Get Rating)

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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Analyst Recommendations for Nutrien (TSE:NTR)

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