Nutrien (TSE:NTR) Stock Rating Lowered by National Bank Financial

Nutrien (TSE:NTR) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Scotiabank upgraded shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price for the company in a report on Tuesday, June 30th. Barclays upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, May 5th. Finally, Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$74.33.

Nutrien Trading Down 2.1%

Shares of NTR stock opened at C$100.68 on Tuesday. Nutrien has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95. The stock has a market cap of C$48.05 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.15 and a beta of 0.68. The business has a fifty day simple moving average of C$93.81 and a 200-day simple moving average of C$97.61. The company has a quick ratio of 0.65, a current ratio of 1.39 and a debt-to-equity ratio of 49.14.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share (EPS) for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%.The business had revenue of C$15.36 billion during the quarter. On average, analysts forecast that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Noralee Bradley bought 300 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of C$86.16 per share, for a total transaction of C$25,848.00. Following the completion of the transaction, the insider owned 6,155 shares in the company, valued at C$530,314.80. The trade was a 5.12% increase in their ownership of the stock. Also, insider Mark Thompson bought 279 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average cost of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the purchase, the insider directly owned 37,367 shares in the company, valued at C$3,357,798.62. This trade represents a 0.75% increase in their position. In the last three months, insiders bought 624 shares of company stock valued at $55,228. 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.