Nutrien’s Stock Performance and Valuation: Hold Rating Amid Limited Upside and Retail Challenges

Analyst Richard Garchitorena of Wells Fargo maintained a Hold rating on Nutrien (NTR – Research Report), boosting the price target to $59.00.

Richard Garchitorena’s rating is based on Nutrien’s current market performance and valuation metrics. The company’s stock has seen a significant year-to-date increase of 24%, which aligns with its fair market value, prompting a Hold rating. The price target has been adjusted to $59, reflecting a valuation at the higher end of its historical trading range, suggesting limited upside potential from current levels.
Despite positive potash market dynamics and strong demand, Nutrien faces challenges in its retail segment, which experienced a weak first quarter. However, the company maintains its full-year EBITDA guidance, relying on strong order books and improved sales volumes. Additionally, external factors such as limited tariff impacts and potential supply risks contribute to the cautious outlook, justifying the Hold recommendation.

Garchitorena covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Cf Industries Holdings, and FMC. According to TipRanks, Garchitorena has an average return of -0.4% and a 51.02% success rate on recommended stocks.

In another report released on May 9, J.P. Morgan also maintained a Hold rating on the stock with a $56.00 price target.