4. Nutrien Ltd (NYSE:NTR)
Number of Hedge Fund Holders: 36
Nutrien Ltd (NYSE:NTR) is among the best potash stocks to invest in right now. Nutrien Ltd (NYSE:NTR) has a Moderate Buy rating, with 9 buy, 6 hold, and 1 sell recommendations. The average 12‑month target from 16 analysts is $80.29 (high: $100, low: $62), suggesting an 8.96% upside from the current $73.69.
On March 26, UBS downgraded Nutrien Ltd (NYSE:NTR) to Sell from Neutral and raised its price target to $67 from $63. The firm noted the stock is up 19% year‑to‑date and 35% over the past year, but believes valuation reflects an overly positive view of potash fundamentals. UBS expects potash prices to decline starting in Q2 2026, keeping full‑year pricing flat versus consensus forecasts of increases.
UBS projects EBITDA estimates for 2026, 2027, and 2028 at 22% higher, 5% higher, and 4% lower than consensus, respectively. With flat potash pricing and less severe nitrogen market disruptions than currently priced in, UBS sees risk/reward skewed to the downside and views these factors as negative catalysts for Nutrien.
Nutrien’s Q4 2025 results came in weaker than expected. The company earned $0.83 per share, below the forecast of $0.92, and reported revenue of $5.34 billion, just under the $5.38 billion analysts had predicted.
Nutrien’s potash revenue increased 20% to $3.6 billion in 2025. Meanwhile, the company’s adjusted potash adjusted EBITDA rose 22% to $2.3 billion in 2025. This increase was supported by higher selling prices and strong sales volumes. Furthermore, the company disclosed that it mined 49% of its potash ore tonnes using automated processes. It said this helped strengthen its low-cost advantage.
Nutrien’s potash sales volume was 14.3 million tonnes in 2025. It’s targeting 2026 sales volumes in the range of 14.1 million to 14.8 million.
Last month, Nutrien CEO Ken Seitz said they were seeing strong fundamentals in the potash market and wanted to build on that momentum. Nutrien said global potash shipments rose to 74.5 million tonnes in 2025, marking a third year of consecutive growth. The company expects the growth to continue in 2026, forecasting global shipments between 74 million and 77 million tonnes.
Nutrien Ltd (NYSE:NTR) exited 2025 with $701 million in cash and cash equivalents. In 2025, the company spent $551 million to repurchase 2% of its shares outstanding. The company now plans to repurchase 5% of its outstanding shares.
Nutrien Ltd (NYSE:NTR) is a leading fertilizer company based in Saskatchewan, Canada. Saskatchewan is among the world’s top potash-producing zones. Nutrien is the world’s second-largest fertilizer producer. It operates more than 2,000 retail sites across the Americas and Australia. The company was formed in 2018 through the merger of PotashCorp and Agrium.
