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.
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.
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