Nutrien, which is based in North America, has exposure to all three crop nutrients including nitrogen, phosphorous, and potassium. The company has a large exposure to potassium fertilizers—unlike CF Industries (CF) and Mosaic (MOS).
Nutrien’s consensus target price in November increased month-over-month to $61.9 from $61.6 in October. The higher target price reflected an increase of 40 basis points month-over-month, which was lower than CF Industries and Mosaic. The bullish sentiment was reflected in November. On November 23, the stock closed higher than the target price at $67.8.
While Nutrien’s target price increased in November, analysts’ recommendations remained unchanged month-over-month. Four analysts recommend a “strong buy,” eight recommend a “buy,” and seven recommend a “hold” in November. None of the analysts recommend a “sell” on the stock in November.