Nutrien Ltd

NTR: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 71.00	Jwkns	Bzltcvkwnl

Nutrien Shares Are Fairly Valued After Q4 Results; Our Outlook for Lower Fertilizer Prices Intact

Seth Goldstein

Feb 16, 2023

After updating our Nutrien model to incorporate the company's fourth-quarter earnings, we maintain our $80 per share fair value estimate. Our CAD fair value estimate falls to CAD 107 from CAD 110 on currency movements since our last update. Our narrow moat rating is unchanged.

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