Nutrien (TSE:NTR) Stock Rating Upgraded by Scotiabank

Nutrien (TSE:NTR) was upgraded by equities research analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the company. UBS Group lowered Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Barclays raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Raymond James Financial raised Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Berenberg Bank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Price Performance

Shares of NTR stock opened at C$89.35 on Tuesday. The firm has a fifty day moving average of C$94.92 and a two-hundred day moving average of C$95.84. The firm has a market cap of C$42.89 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.15 and a beta of 0.75. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65.

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

Insider Buying and Selling at Nutrien

In other Nutrien news, insider Mark Thompson acquired 279 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average price of C$89.86 per share, for a total transaction 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. The trade was a 0.75% increase in their ownership of the stock. Also, Director Kenneth Alvin Seitz acquired 3,900 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of C$94.52 per share, for a total transaction of C$368,628.00. Following the purchase, the director owned 47,513 shares of the company’s stock, valued at C$4,490,928.76. This trade represents a 8.94% increase in their ownership of the stock. Insiders acquired 8,141 shares of company stock worth $766,436 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

About Nutrien

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.