Report
Seth Goldstein, CFA
EUR 101.80 For Business Accounts Only

Nutrien Reports Continued Retail Growth; We Maintain Our $58 Fair Value Estimate

Nutrien reported decent fourth-quarter results in the newly formed company’s first earnings update since the PotashCorp-Agrium merger closed. The retail segment continued a strong 2017 as the business grew profits in every category during the quarter. We continue to maintain our $260 per metric ton long-term potash price forecast, which is roughly in line with current prices. With no changes to our long-term outlook, we maintain our $58 per share fair value estimate and narrow moat rating.
Durin...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein, CFA

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