5 Most Undervalued Foreign Stocks To Buy According To Hedge Funds

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1. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 52

P/E Ratio as of January 23: 5.59

Nutrien Ltd. (NYSE:NTR) was founded in 2017 and is headquartered in Saskatoon, Canada. The company offers potash, nitrogen, phosphate, and sulfate products. Nutrien Ltd. (NYSE:NTR) paid a $0.48 per share quarterly dividend to shareholders on January 13. It is one of the most undervalued foreign stocks to buy according to smart investors. 

On January 20, Citi analyst P.J. Juvekar maintained a “Buy” rating on Nutrien Ltd. (NYSE:NTR) but lowered the price target on the stock from $87 to $86. He believes that the risk-reward ratio for the sector is less favorable now than it was a year ago, but does not anticipate a decline in the agricultural industry as farmers continue to be in good financial standing. He also stated that he prefers companies in the seed and agricultural chemicals sub-sectors over those in fertilizers, specifically in the North American market.

According to Insider Monkey’s data, 52 hedge funds were long Nutrien Ltd. (NYSE:NTR) at the end of Q3 2022, compared to 48 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the largest stakeholder of the company, with 8.4 million shares worth $701.8 million. 

ClearBridge Investments made the following comment about Nutrien Ltd. (NYSE:NTR) in its Q3 2022 investor letter:

“However, we believe this is exactly the kind of environment that separates the highest-quality companies from their peers and allows them to strengthen their competitive positioning. For example, Nutrien Ltd. (NYSE:NTR), a Canadian fertilizer company, was a top contributor during the quarter. While the war in Ukraine and economic sanctions on Russia have significantly reduced the output of two of the world’s largest agricultural producers, Nutrien has benefited from a strong global agricultural cycle and from farmers seeking to increase their output and capitalize on higher agricultural prices.”

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