7 Best Agriculture Stocks to Buy Right Now

4. Nutrien Ltd. (NYSE:NTR)

Average Upside Potential According to Analysts: 27.24%

Nutrien Ltd. (NYSE:NTR) is a Canadian agriculture and fertilizer company. It is one of the world’s largest producers of potash and nitrogen fertilizer. As a leading global provider of crop inputs and services, Nutrien Ltd. (NYSE:NTR) produces and distributes potash, nitrogen, and phosphate products for global agricultural, industrial, and feed customers.

During its Investor Day in June 2024, the company set ambitious performance targets for 2026 aimed at improving earnings and cash flow. Nutrien Ltd. (NYSE:NTR) has made significant progress and now plans to achieve $200 million in annual operational efficiencies by 2025, one year ahead of schedule. This efficiency will come from cost reductions across both retail and corporate sectors.

Nutrien Ltd. (NYSE:NTR) is strategically positioned to increase the production and sales of potash and nitrogen with minimal capital investment. The company aims to boost upstream sales volumes by 2 to 3 million tons compared to 2023 levels. Through the first 3 quarters of 2024, Nutrien Ltd. (NYSE:NTR) has already increased sales volumes by 1.3 million tons.

Financially, the company generated an adjusted EBITDA of $4.3 billion in the first nine months of 2024, supported by higher retail earnings, increased fertilizer volumes, and lower operating costs. As of November 5, 2024, Nutrien Ltd. (NYSE:NTR) also repurchased 1.5 million shares for approximately $75 million in the second half of 2024, demonstrating a commitment to returning value to shareholders.

With its focus on operational efficiency and strategic growth targets, Nutrien Ltd. (NYSE:NTR) presents a compelling investment opportunity in the agriculture sector.