- Jefferies downgrades Nutrien (NTR, Financial) from Buy to Hold, impacting its short-term performance outlook.
- Nutrien's average target price suggests a modest upside but reveals varying analyst opinions on its future valuation.
- GuruFocus metrics indicate a potential downside based on historical stock performance and growth expectations.
Nutrien (NTR) recently experienced a minor dip, declining by 0.3% following a downgrade by Jefferies. The financial firm shifted its rating from Buy to Hold, emphasizing that the current stock price already accounts for short-term earnings growth. Jefferies set a target price of $66, highlighting potential benefits if crop chemical volumes exceed expectations, though warned that a decline in ammonia utilization might compress profit margins.
Wall Street Analysts Forecast
According to data from 19 analysts providing one-year price targets for Nutrien Ltd (NTR, Financial), the average target price stands at $64.05. This average target, which comprises a high estimate of $75.00 and a low of $56.00, implies a 5.45% upside from the current price of $60.74. Investors seeking further insights or detailed estimates can visit the Nutrien Ltd (NTR) Forecast page.
When examining the consensus recommendation from 23 brokerage firms, Nutrien Ltd (NTR, Financial) holds an average brokerage recommendation of 2.3, which equates to an "Outperform" rating. This recommendation is based on a scale where 1 indicates a Strong Buy and 5 denotes a Sell.
Furthermore, GuruFocus metrics provide a comprehensive view, with the estimated GF Value for Nutrien Ltd (NTR, Financial) projected at $49.98 in one year. This suggests a 17.71% downside relative to the current price of $60.74. The GF Value represents GuruFocus' approximation of the stock's fair trading value, rooted in historical trading multiples, previous business growth, and future performance forecasts. For more extensive information, consult the Nutrien Ltd (NTR) Summary page.
