TSX:NTRChemicals
Nutrien (TSX:NTR) Stock Stalls As Profit Rebounds Meet Debt Doubts
Nutrien’s stock has barely budged over the past month and sits around CA$93.62, even after the latest earnings hit the tape. That muted move contrasts sharply with the headline story. Adjusted earnings before interest, tax, depreciation and amortization for the first half reached about US$3.5b and net margin over the past year sat near 8.9%, well above the prior year.
The market seems far more preoccupied with Nutrien’s heavy debt load and cautious multi-year forecasts for revenue and...