Nutrien Ltd. (NYSE:NTN) is one of the 10 Stock Winners in a Brutal Market.
Nutrien rallied for a third consecutive day on Thursday to hit a new three-year high, as investors gobbled up shares after earning a 30 percent price target and rating upgrade from an investment firm.
At intra-day trading, the stock soared to a record high of $85.35 before trimming gains to finish the session just up by 5.84 percent at $83.94 apiece.
In a market report, Jefferies hiked its price target for Nutrien Ltd. (NYSE:NTN) to “buy” from “hold,” as well as its price target to $96 from $74 previously amid higher fertilizer prices as a result of the ongoing geopolitical tensions’ disruption in production and shipping operations.
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Jefferies now expects the listed firm to rake in $7 billion in earnings before interest, taxes, depreciation and amortization for 2026, and further grow to $7.3 billion by next year. These compare with the $12.1 billion generated during a similar price spike in 2022.
In other news, shareholders of Nutrien Ltd. (NYSE:NTN) on record as of March 31 are set to receive dividends amounting to $0.55 per share on April 16, higher versus the $0.545 per quarter paid last year.
This followed the company’s strong earnings performance in both the fourth quarter and full-year periods. In the full-year alone, net income soared by 228 percent to $2.297 billion from only $700 million in 2024, while sales inched up by 4 percent to $26.885 billion from $25.972 billion year-on-year.
In the fourth quarter alone, net income skyrocketed by 392 percent to $580 million from $118 million, while sales grew by 5 percent to $5.34 billion from $5.08 billion.
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