Nutrien Ltd
NTR: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 91.00 | Szrmd | Mxfztmdp |
Mosaic Earnings: Our Potash Price Recovery Thesis Still on Track
Mosaic's second-quarter results reflected lower fertilizer prices, primarily potash, as companywide operating earnings were down 37% versus the prior-year quarter. The results were consistent with our outlook for the year for lower fertilizer prices and resulting profits. Having updated our model to incorporate the second-quarter results, we're maintaining our $40 fair value estimate for Mosaic. Our no-moat rating is also unchanged.