#3 - Nutrien (NYSE:NTR)
Nutrien (NYSE:NTR) is a shining star in a volatile market. While many blue-chip stocks are underwater this year, NTR stock is up 26%. And that’s even after experiencing a 16% dip since hitting its all-time high in April. Analysts are projecting high single-digit growth for the Canadian-based company. But should investors buy-in?
Your answer may depend on what you believe about the need for fertilizer. The company is one of the leading agrochemical producers. Specifically, the company manufactures two core elements (potash and nitrogen) that are required in fertilizers. In its last earnings report, the company raised its guidance for potash production by 5%.
Fertilizer prices are at all-time highs and will likely to remain that way for the remainder of this year. That suggests that now is a good time to buy and hold NTR stock which looks undervalued at its current price and is showing solid growth in free cash flow (FCF).
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.
Read More - Current Price
- $44.58
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 4 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $58.95 (32.2% Upside)
