Report
Seth Goldstein, CFA
EUR 101.80 For Business Accounts Only

We Value Narrow-Moat Nutrien at $58 per Share Following Merger Close

The merger between PotashCorp and Agrium closed Jan. 1, and the combined entity will trade as Nutrien going forward. We assign Nutrien a $58 fair value estimate. We award the company a narrow economic moat rating based on its cost-advantaged potash and nitrogen production and a stable moat trend rating. Our CAD fair value estimate is CAD 73 per share. Our fair value estimate, which is roughly 12% above where the stock currently trades, is based on our view that the company will benefit from high...
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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