Nutrien (TSE:NTR) Lowered to “Hold” Rating by Berenberg Bank

Nutrien (TSE:NTR) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts also recently issued reports on NTR. Wells Fargo & Company raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. TD Securities raised their price target on shares of Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Finally, Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$80.00.

Nutrien Price Performance

NTR stock opened at C$90.78 on Wednesday. The company has a fifty day moving average price of C$98.75 and a 200-day moving average price of C$95.10. The company has a market capitalization of C$43.58 billion, a P/E ratio of 18.49, a PEG ratio of 1.15 and a beta of 0.75. 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 55.44, a quick ratio of 0.65 and a current ratio of 1.24.

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

Insider Activity

In other news, insider Noralee Bradley acquired 1,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of C$93.42 per share, for a total transaction of C$93,420.00. Following the completion of the transaction, the insider directly owned 5,855 shares in the company, valued at C$546,974.10. This represents a 20.60% increase in their position. Also, insider Mark Thompson acquired 262 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$95.47 per share, with a total value of C$25,013.14. Following the completion of the transaction, the insider owned 36,277 shares of the company’s stock, valued at C$3,463,365.19. This trade represents a 0.73% increase in their ownership of the stock. In the last three months, insiders have purchased 7,562 shares of company stock valued at $715,517. 0.03% of the stock is owned by corporate insiders.

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.