Wells Fargo analyst Richard Garchitorena maintained a Buy rating on Nutrien (NTR – Research Report) today and set a price target of $68.00. The company’s shares closed yesterday at $58.17.
Garchitorena covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Nutrien, and Cf Industries Holdings. According to TipRanks, Garchitorena has an average return of -4.8% and a 40.00% success rate on recommended stocks.
Currently, the analyst consensus on Nutrien is a Moderate Buy with an average price target of $66.20, which is a 13.80% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $67.00 price target.
The company has a one-year high of $67.21 and a one-year low of $47.41. Currently, Nutrien has an average volume of 1.94M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NTR in relation to earlier this year.
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Nutrien (NTR) Company Description:
Canada-based Nutrien Ltd. is a crop nutrient company, which produces and distributes potash, nitrogen and phosphate products for agricultural, industrial and feed manufacturers.
