Nutrien (TSE:NTR) Upgraded to Hold at KeyCorp

KeyCorp upgraded shares of Nutrien (TSE:NTR) to a hold rating in a research report released on Thursday,Zacks reports.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Nutrien from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$96.00 to C$63.00 in a report on Thursday, July 16th. Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price on the stock in a report on Tuesday, June 30th. BNP Paribas Exane upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. National Bank Financial cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Berenberg Bank downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$74.33.

Nutrien Price Performance

NTR opened at C$109.09 on Thursday. The company has a fifty day moving average price of C$98.45 and a two-hundred day moving average price of C$98.59. The firm has a market capitalization of C$52.06 billion, a PE ratio of 22.08, a P/E/G ratio of 1.15 and a beta of 0.66. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The company has a debt-to-equity ratio of 49.14, a quick ratio of 0.65 and a current ratio of 1.39.

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

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 2.0%. Nutrien’s payout ratio is currently 44.33%.

Insider Activity

In other Nutrien news, insider Mark Thompson bought 279 shares of the firm’s 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 owned 37,367 shares in the company, valued at approximately C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock. Also, insider Noralee Bradley purchased 300 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the completion of the acquisition, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. This represents a 5.12% increase in their ownership of the stock. Over the last quarter, insiders have acquired 624 shares of company stock worth $55,228. Corporate 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.