BMO Capital Markets Reiterates Buy Rating for Nutrien (TSE:NTR)

Nutrients (EST:NTR – Get a rating)BMO’s stock had its “buy” rating reissued by investment analysts at BMO Capital Markets in a research report delivered to clients and investors on Friday, TipRanks reports. They currently have a price target of C$125.00 on the stock. BMO Capital Markets’ target price suggests a potential upside of 12.89% from the company’s current price.

NTR has been the subject of a number of other reports. Piper Sandler reaffirmed a “buy” rating and set a price target of C$125.00 on Nutrien shares in a Tuesday, May 31 research note. Barclays assumed cover for Nutrien in a Wednesday June 1 research note. They set a “buy” rating and a target price of C$116.00 for the company. Royal Bank of Canada raised its price target on Nutrien from CA$85.00 to CA$90.00 and gave the stock an “outperform” rating in a Tuesday, Feb. 22 research note. Scotiabank downgraded Nutrien from an “industry outperformer” rating to an “industry performer” rating in a Monday, March 28 research note. Finally, assumed coverage on Nutrien in a research note from Thursday, April 14. They set a “buy” rating for the company. Two investment analysts gave the stock a hold rating and thirteen gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average buy rating and consensus target price of C$103.62.

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NTR traded at C$2.58 during Friday’s trading, reaching C$110.73. 573,957 shares were traded, against an average volume of 1,773,526. Nutrien has a 1-year low of C$71.40 and a 1-year high of C$147.93. The company has a market cap of C$61.05 billion and a price-earnings ratio of 11.27. The company’s 50-day moving average price is C$128.37 and its two-hundred-day moving average price is C$110.16. The company has a debt ratio of 50.24, a current ratio of 1.14 and a quick ratio of 0.47.

Nutrients (EST:NTR – Get a rating) last released its quarterly results on Monday, May 2. The company reported earnings per share (EPS) of C$3.42 for the quarter, beating consensus analyst estimates of C$3.27 by C$0.15. The company posted revenue of C$9.70 billion for the quarter, while analysts had expected C$9.86 billion. On average, analysts expect Nutrien to post 17.5300013 EPS for the current year.

About Nutrien (Get a rating)

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

Further reading

Analyst Recommendations for Nutrien (TSE: NTR)

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