Scotiabank Brokers Increase Earnings Estimates for Nutrien

Nutrien Ltd. (TSE:NTR) – Equities research analysts at Scotiabank lifted their FY2027 earnings per share estimates for Nutrien in a research report issued on Thursday, October 22nd. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of $6.68 for the year, up from their prior estimate of $6.66. Scotiabank currently has a “Sector Outperform” rating and a $80.00 price target on the stock. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. The business had revenue of C$15.36 billion for the quarter.

A number of other brokerages also recently weighed in on NTR. National Bank Financial downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. KeyCorp upgraded shares of Nutrien to a “hold” rating in a report on Thursday, September 10th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group cut shares of Nutrien from a “buy” rating to a “hold” rating and dropped their target price for the company from C$96.00 to C$63.00 in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and a consensus price target of C$74.33.

Nutrien Trading Down 1.8%

Shares of Nutrien stock opened at C$95.86 on Monday. Nutrien has a 1 year low of C$74.77 and a 1 year high of C$116.95. The firm has a market cap of C$45.75 billion, a PE ratio of 19.40, a P/E/G ratio of 1.15 and a beta of 0.69. The stock has a fifty day moving average price of C$102.58 and a 200-day moving average price of C$98.21. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65.

Nutrien Company Profile

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.