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  5. NTR: Hello, I currently hold a half portion of Nutrien in my portfolio. [Nutrien Ltd.]
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Q: Hello,

I currently hold a half portion of Nutrien in my portfolio. Is this a good time to add more? What is the best entry price? Additionally, could you provide an update on Nutrien’s recent earnings report?

Thanks!
Asked by Esther on August 02, 2024
5i Research Answer:

NTR next reports August 7. In the prior quarter EPS of 46c beat estimates by nearly 20%. Volume increases are expected to help the current quarter's results. It is a cyclical company, but priced well at 13X earnings. The stock has not done much (-7% YTD). We would be OK slowly adding, but with weakness in China we would not be in a big rush. If it were to approach its prior low near $65 we would be more interested. 

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