Cowen & Co. analyst Charles Neivert maintained a Buy rating on Nutrien Ltd (NTR) today and set a price target of $63. The company’s shares opened today at $54.04.
According to TipRanks.com, Neivert is a 4-star analyst with an average return of 9.0% and a 57.2% success rate. Neivert covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Eastman Chemical, and LyondellBasell.
Nutrien Ltd has an analyst consensus of Strong Buy, with a price target consensus of $61.
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Based on Nutrien Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $301 million. In comparison, last year the company had a GAAP net loss of $1 million.
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Nutrien Ltd. is a crop nutrient company, which produces and distributes potash, nitrogen and phosphate products for agricultural, industrial and feed manufacturers. The company was founded on June 2, 2017 and is headquartered in Saskatoon, Canada.
