Nutrien (NTR) Stock Forecast & Price Target

C$65.61 +0.16 (+0.24%)

(As of 11/22/2024 ET)

Nutrien - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 5 Analyst Ratings

Sell
0

Hold
4

Buy
1

Based on 5 Wall Street analysts who have issued ratings for Nutrien in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 4 have given a hold rating, and 1 has given a buy rating for NTR.

Consensus Price Target

C$64.50
-1.69% Downside

According to the 5 analysts' twelve-month price targets for Nutrien, the average price target is C$64.50. The highest price target for NTR is C$70.00, while the lowest price target for NTR is C$59.00. The average price target represents a forecasted downside of -1.69% from the current price of C$65.61.

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NTR Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	C$64.50	C$64.50	C$64.33	C$72.25
Forecasted Upside	-1.69% Downside	-2.38% Downside	-1.31% Downside	-5.28% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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NTR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NTR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nutrien Stock vs. The Competition

Type	Nutrien	Basic Materials Companies
Consensus Rating Score	2.20	2.76
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent NTR News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	UBS Group 4 of 5 stars	J. Spector Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/24/2024	Wells Fargo & Company 3 of 5 stars	R. Garchitorena Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/10/2024	The Goldman Sachs Group 2 of 5 stars	A. Samuelson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/2/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Seshadri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rodriguez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
2/23/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$75.00 ➝ C$70.00	-2.80%
10/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	C$68.00 ➝ C$64.00	-21.33%
6/29/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce
6/12/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$85.00 ➝ C$80.00	+1.10%
4/10/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform
1/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Edlain Rodriguez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	C$65.00	-37.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:02 AM ET.

Should I Buy Nutrien Stock? NTR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Nutrien pros and cons to contact@marketbeat.com.

Nutrien
Bull Case

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

Nutrien Ltd. recently reported a strong earnings result, with an EPS of C$3.18, surpassing analysts' expectations by C$0.31, indicating robust financial performance.
The company has a current stock price around C$65.27, which is near its 50-day moving average, suggesting stability in its recent trading performance.
Nutrien Ltd. has a market capitalization of C$34.65 billion, reflecting its significant size and influence in the agricultural sector, which can provide a sense of security for investors.
The company has a dividend yield of 8%, which is attractive for income-focused investors looking for regular returns on their investments.
Recent analyst ratings show a consensus "Hold" rating, with some analysts upgrading their views, indicating potential for future growth and stability in the stock.

Nutrien
Bear Case

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

Analysts at Raymond James have cut their Q3 2024 EPS estimates from $0.79 to $0.65, reflecting concerns about the company's future earnings potential.
Multiple firms, including Goldman Sachs and Wells Fargo, have downgraded Nutrien Ltd. from "strong-buy" to "hold," indicating a lack of confidence in significant price appreciation in the near term.
The company has a relatively high debt-to-equity ratio of 53.14, which may pose risks in terms of financial leverage and the ability to manage debt obligations effectively.
Despite a strong revenue of C$13.90 billion, it fell short of the consensus estimate of C$14.92 billion, suggesting potential challenges in meeting market expectations.
Insider ownership is low at 0.03%, which may indicate a lack of confidence from those closest to the company regarding its future performance.

NTR Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Nutrien is C$64.50, with a high forecast of C$70.00 and a low forecast of C$59.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nutrien in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NTR, but not buy additional shares or sell existing shares.
: According to analysts, Nutrien's stock has a predicted downside of -1.69% based on their 12-month stock forecasts.
: Over the previous 90 days, Nutrien's stock had 3 downgrades by analysts.
: Nutrien has been rated by research analysts at The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Nutrien less than other "basic materials" companies. The consensus rating for Nutrien is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how NTR compares to other companies.

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This page (TSE:NTR) was last updated on 11/23/2024 by MarketBeat.com Staff

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Nutrien (NTR) Stock Forecast & Price Target