5 Best International Stocks to Buy Now

2. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 48

Nutrien Ltd. (NYSE:NTR) is headquartered in Saskatoon, Canada, providing crop nutrients, crop protection products, seeds, and merchandise products in the United States, Canada, South America, and Australia. It is one of the best international stocks to watch, given rising potash and nitrogen prices, as well as an attractive valuation. 

On August 9, Scotiabank analyst Ben Isaacson upgraded Nutrien Ltd. (NYSE:NTR) to Outperform from Sector Perform with a price target of $110, down from $118. The analyst is bullish on nitrogen and said investor conversations on Nutrien Ltd. (NYSE:NTR) “have transitioned to bullish from bearish.” He sees “strong valuation support” for the stock. 

According to Insider Monkey’s data, 48 hedge funds were long Nutrien Ltd. (NYSE:NTR) at the end of Q2 2022, compared to 60 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the leading stakeholder of the company, with 8.3 million shares worth $668.3 million. 

Here is what Miller/Howard Investments had to say about Nutrien Ltd. (NYSE:NTR) in its Q1 2021 investor letter:

“For the most part, performance of the stocks within the Income-Equity Strategies was skewed towards the high-performing market sectors with two exceptions – our consumer discretionary and technology stocks both did better than their broad market peers… We bought Nutrien (NTR), a producer of fertilizer, which we believe should benefit from increasing crop prices.”