Nutrien (TSE:NTR) Upgraded by National Bank Financial to Strong-Buy Rating

National Bank Financial upgraded shares of Nutrien (TSE:NTR) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on NTR. Berenberg Bank cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. UBS Group downgraded Nutrien from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Finally, Scotiabank raised Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price objective for the company in a report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$80.00.

Nutrien Stock Up 3.4%

Shares of TSE NTR opened at C$95.66 on Monday. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The business has a 50-day simple moving average of C$93.68 and a two-hundred day simple moving average of C$96.27. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. The company has a market cap of C$45.92 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.15 and a beta of 0.71.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%.The firm had revenue of C$8.41 billion for the quarter. Research analysts anticipate that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. Nutrien’s dividend payout ratio (DPR) is presently 44.50%.

Insider Transactions at Nutrien

In other news, insider Noralee Bradley acquired 300 shares of Nutrien stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of C$86.16 per share, for a total transaction of C$25,848.00. Following the transaction, the insider owned 6,155 shares of the company’s stock, valued at C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Also, insider Christopher Reynolds acquired 2,400 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of C$95.19 per share, for a total transaction of C$228,456.00. Following the completion of the acquisition, the insider owned 10,585 shares in the company, valued at C$1,007,586.15. This represents a 29.32% increase in their position. Over the last ninety days, insiders have acquired 8,141 shares of company stock worth $766,436. Company insiders own 0.03% of the company’s stock.

Nutrien Company Profile

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.