Nutrien (NTR) (POT) (AGU) reported its earnings on February 5, 2018. After the earnings were released, the stock price took a significant beating. The stock closed at $50 on February 2. The earnings and selling pressure (XLB) after the release took the stock down to a low of $44.4 on February 16. Since then, Nutrien has recovered and is trading ~4% higher at 50.5 as of March 14, 2018. Let’s look at analysts’ ratings and target price.
The current consensus mean rating on Nutrien stands at 2.17 with an overall “buy” recommendation on the stock. Out of the 18 analysts in the above chart, ~22% or four analysts have a “strong buy” recommendation on the stock for the next 12-month period. About 39% or seven analysts have a “buy” recommendation on the stock, while 39% or seven analysts have a “hold” recommendation for Nutrien.
Compared to last month, one more analyst initiated coverage on Nutrien in March.
The consensus mean target price on Nutrien for the next 12-month period was $58.5—slightly higher than $58.3 in February. The median target price was slightly higher than the mean target price at $59.5. The current mean and median target prices would give about 16% and 18% upside over the market closing price of $50.5 on March 14.
Next, we’ll discuss analysts’ ratings and target price for CF Industries (CF).