Raising Our Nutrien FVEs on Higher Near-Term Fertilizer Profit Outlook
Nutrien reported strong second-quarter results driven by increased fertilizer profits and a rebound in retail sales after weather-related delays to the planting season weighed on first-quarter results. In its earnings release, management increased its adjusted EBITDA guidance from $3.3 billion-$3.7 billion to $3.7 billion-$4.0 billion. We forecast Nutrien to generate adjusted EBITDA of $3.8 billion in 2018. Having raised our near-term profit outlook, we are increasing our Nutrien fair value esti...Nutrien Ltd is Canada-based crop nutrient producer and distributer of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company's retail operations serve growers in a number of countries across the United States, Canada, South Africa, Australia and South America. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States.
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.
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