Nutrien (NTR)

• Market cap: $25.7B
• 1 day: 0.69%
• 5 days: 2.72%
• 1 month: 7.80%
• 3 months: 2.87%
• 6 months: 12.86%
• Year to date: 19.37%
• 1 year: 3.84%
• 5 years: 53.16%
• 10 years: -1.28%
• Sector: Materials
• Industry: Agricultural Inputs

About: Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients - nitrogen, potash, and phosphate - although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in North America and Australia, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.

Employees: 25,500

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

40% more funds holding in top 10

Funds holding in top 10: 10 [Q3] → 14 (+4) [Q4]

22% more call options, than puts

Call options by funds: $430M | Put options by funds: $351M

20% more capital invested

Capital invested by funds: $15.8B [Q3] → $19B (+$3.19B) [Q4]

8% more first-time investments, than exits

New positions opened: 82 | Existing positions closed: 76

5% less repeat investments, than reductions

Existing positions increased: 200 | Existing positions reduced: 210

2% less funds holding

Funds holding: 589 [Q3] → 579 (-10) [Q4]

2.26% less ownership

Funds ownership: 66.25% [Q3] → 63.99% (-2.26%) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $52 4% downside
• Avg. target: $58 7% upside
• High target: $66 22% upside

11 analyst ratings

• positive: 5 45%
• neutral: 5 45%
• negative: 1 9%

Oppenheimer Kristen Owen 40% 1-year accuracy 18 / 45 met price target	7% upside $58	Outperform Maintained	22 Apr 2025
UBS Eric Beaumont 31% 1-year accuracy 4 / 13 met price target	4% downside $52	Neutral Maintained	16 Apr 2025
Goldman Sachs Duffy Fischer 35% 1-year accuracy 7 / 20 met price target	2% downside $53	Sell Initiated	13 Mar 2025
Barclays Benjamin Theurer 53% 1-year accuracy 18 / 34 met price target	9% upside $59	Equal-Weight Maintained	5 Mar 2025
CIBC	22% upside $66	Outperformer Maintained	25 Feb 2025