10 Best Agriculture Stocks to Buy According to Hedge Funds

8. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 32

Based in Canada, Nutrien Ltd. (NYSE:NTR) provides crop inputs and services. It operates a distribution, production, and agriculture retail facility network to support growers and ranks eighth on our list of the best agriculture stocks to buy according to hedge funds.

The company’s operations are divided into the following segments: Nutrien Ag Solutions (Retail), Potash, Nitrogen, and Phosphate. Nutrien Ltd. (NYSE:NTR) manages retail operations in seven countries across three continents. Its agriculture retail network services more than 500,000 grower accounts worldwide.

In a report released on April 15, Aron Ceccarelli from Berenberg Bank maintained a Buy rating on Nutrien Ltd. (NYSE:NTR) and set a price target of $59.00.

Analysts are bullish on the stock because of its strong operations. It reported an adjusted EBITDA of $5.4 billion for 2024 and underwent a 16% growth in retail adjusted EBITDA. This improvement was attributed to stronger-than-expected crop protection margins in North America.

Management expects Nutrien Ltd.’s (NYSE:NTR) 2025 outlook to be supported by expectations for firming potash fundamentals and strong crop input demand. The company boasts a world-class asset base and is focused on strategic priorities to bolster its core business and deliver structural improvements on free cash flow and earnings.