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

Nutrien (TSE:NTR)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Sunday.

Several other equities research analysts also recently weighed in on NTR. BNP Paribas Exane upgraded 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. Jefferies Financial Group downgraded Nutrien from a “buy” rating to a “hold” rating and dropped their target price 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 research report on Thursday, September 10th. They set a “hold” rating on the stock. Freedom Broker started coverage on Nutrien in a research note on Tuesday, October 27th. They issued a “hold” rating for the company. Finally, National Bank Financial downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating and set a C$106.63 price objective on the stock. in a report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$95.94.

Nutrien Stock Down 1.3%

Shares of NTR traded down C$1.34 during mid-day trading on Friday, hitting C$100.70. The company’s stock had a trading volume of 87,383 shares, compared to its average volume of 1,744,182. The firm has a market capitalization of C$47.74 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.15 and a beta of 0.52. Nutrien has a 52-week low of C$76.91 and a 52-week high of C$116.95. The company has a current ratio of 1.41, a quick ratio of 0.65 and a debt-to-equity ratio of 54.89. The company’s 50-day moving average is C$102.28 and its 200-day moving average is C$98.79.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, November 4th. The company reported C$0.87 EPS for the quarter. Nutrien had a net margin of 7.78% and a return on equity of 8.53%. The business had revenue of C$8.63 billion during the quarter. On average, equities research analysts forecast that Nutrien will post 5.34 EPS for the current fiscal year.

About Nutrien

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.