Long Position on NTR @ $71.00 on 12/17/2021 (Fundamentals)

Nutrien Ltd. (NTR) provides crop inputs, services, and solutions.

The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

Nutrien reported 3rd Quarter September 2021 earnings of $1.38 per share on revenue of $6.0 billion. The consensus earnings estimate was $1.23 per share on revenue of $5.8 billion. Revenue grew 43.3% on a year-over-year basis.

The company said it expects 2021 earnings of $5.85 to $6.10 per share. The company's previous guidance was earnings of $4.60 to $5.10 per share and the current consensus earnings estimate is $4.99 per share for the year ending December 31, 2021.

Yesterday, the Vice Presdient and CFO, Pedro Farah, accounced that the company has accelerated the pace of their share buybacks during the fourth quarter of the comapny's fiscal year, signaling strong free cashflow and a strong outlook for 2022.

Entry Point: $71.00

Stop Loss: $67.75

Trading Range: $46.25 - $73.50

Target Price: $77.00

Updates

12/28/2021 12:06:21 PM

NTR closed at $76.50

Position closed on 12/28/2021 at price of $76.50 with a 7.75% gain in 11 days.

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