Nutrien Ltd
NTR: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 21.00 | Xklzdt | Fmtccmzy |
Nutrien Shares Tank as Falling Fertilizer Weighs on Q3 Results; Shares Slightly Undervalued
After updating our forecast, we reduce our Nutrien fair value estimate to $80 per share from $85. Our CAD fair value estimate rises to CAD 110 from CAD 109 due to currency movements since our last update. We maintain our narrow moat rating.