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Consensus Gives Nutrien a Double-Digit Upside

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Sep. 10 2018, Updated 7:31 a.m. ET

Nutrien

Nutrien (NTR), the combined company that resulted from the Agrium and PotashCorp merger, has yet to deliver meaningful returns similar to fertilizer (NANR) companies such as the Mosaic Company (MOS) and CF Industries (CF).

The company, which has significant exposure to potash fertilizers, has held up well so far this year, in line with potash prices. Let’s look at analysts’ recommendations and targets for the company.

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Analysts’ recommendations

The overall consensus recommendation for Nutrien in September is a “buy.” Of the 19 analysts covering the stock, five have maintained “strong buys” this month, unchanged from August. Over the same period, the number of analysts recommending “buys” on the stock has risen to seven from six. The number of analysts recommending “holds” has remained unchanged at seven, and no analysts have recommended “sells” on Nutrien in September.

Price targets

The consensus mean price target for Nutrien as of September 6 is $61.3 per share, almost 12% higher than its closing price of $54.7 on September 6. The stock’s median price target was also higher at $63.5 on the same day, representing a 16% upside from its current price level.

Next, we’ll discuss analysts’ recommendations and price targets for FMC.

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