Nutrien (NTR-T) top pick from Stan Wong on BNN.ca Market Call Friday April 1st @ 1200ET
With over US$35 billion in revenue, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three major crop nutrients – nitrogen, potash, and phosphate. It is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farming consumers through its physical stores and online platforms.
Longer-term, declining arable land per capita worldwide will force growers to become more productive, thereby pushing further growth in crop input demand. As well, developing countries such as China and India are working to secure food supply and are expected to propel demand for potash.
In its latest quarterly earnings report, Nutrien signaled strong forward guidance and announced a stock buyback of 10 per cent of its shares. NTR shares currently pay a 1.8 per cent dividend yield and the company reports its next quarterly results on May 2nd. |
