Nutrien (TSE:NTR) Upgraded to “Strong-Buy” at National Bank Financial

Nutrien (TSE:NTR) was upgraded by equities research analysts at National Bank Financial to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. UBS Group lowered Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Berenberg Bank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Barclays raised 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. 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 research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$80.00.

Nutrien Stock Up 3.4%

Shares of NTR stock opened at C$95.66 on Monday. The firm’s fifty day moving average price is C$93.68 and its two-hundred day moving average price is C$96.27. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. Nutrien has a 1 year low of C$74.77 and a 1 year high of C$116.95. The firm has a market capitalization of C$45.92 billion, a P/E ratio of 19.48, a PEG ratio of 1.15 and a beta of 0.71.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The company had revenue of C$8.41 billion during the quarter. On average, equities analysts predict that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nutrien news, insider Christopher Reynolds bought 2,400 shares of Nutrien stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of C$95.19 per share, for a total transaction of C$228,456.00. Following the purchase, the insider owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. The trade was a 29.32% increase in their position. Also, insider Mark Thompson bought 279 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of C$89.86 per share, for a total transaction of C$25,070.94. Following the completion of the acquisition, 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 position. Insiders have bought 8,141 shares of company stock worth $766,436 over the last ninety days. 0.03% of the stock is currently 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.