Stock of the Day

May 22, 2023

Nutrien (NTR)

$52.68
-$0.48 (-0.9%)
Market Cap: $26.03B

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, environmentally smart nitrogen, nitrogen solutions, nitrates, and sulfates. The Phosphate segment provides solid fertilizer, liquid fertilizer, and industrial and feed products. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company is headquartered in Saskatoon, Canada.

Nutrien Bull Case

Here are some ways that investors could benefit from investing in Nutrien Ltd.:

  • The stock has shown resilience with a current price around $50.00, which is within its fifty-two week range of $43.69 to $60.87, indicating potential for growth.
  • Analysts have a positive outlook, with an average rating of "Moderate Buy" and a price target of $59.00, suggesting that there is room for appreciation in the stock price.
  • Institutional ownership is strong at 63.10%, which often indicates confidence in the company's future performance and stability.
  • Recent upgrades from major brokerages, such as JPMorgan Chase raising its rating from "underweight" to "neutral," reflect improved sentiment towards the stock.
  • Nutrien Ltd. operates in the essential agricultural sector, providing crop inputs and services, which are critical for food production and can be less volatile during economic downturns.

Nutrien Bear Case

Investors should be bearish about investing in Nutrien Ltd. for these reasons:

  • Some analysts have downgraded their price targets, such as CIBC reducing its target from $60.00 to $55.00, indicating potential concerns about future performance.
  • The stock has experienced fluctuations, with a 50-day moving average of $48.91, which may suggest volatility and uncertainty in the short term.
  • One investment analyst has issued a sell rating, which could signal caution for potential investors regarding the stock's future trajectory.
  • Recent changes in institutional holdings, while generally positive, also indicate that some investors are reassessing their positions, which could lead to further volatility.
  • The agricultural sector can be heavily influenced by external factors such as weather conditions and commodity prices, which may pose risks to Nutrien Ltd.'s performance.

Recent News