Nutrien (TSE:NTR) Downgraded by National Bank Financial to "Hold"

Key Points

• National Bank Financial downgraded Nutrien from “strong buy” to “hold,” while the stock maintains a consensus “moderate buy” rating and an average price target of C$74.33.
• Nutrien shares opened at C$100.68, compared with a 12-month range of C$74.77 to C$116.95. The company recently reported quarterly EPS of C$3.71 and revenue of C$15.36 billion.
• Company insiders purchased 624 shares worth approximately C$55,228 over the past 90 days, though insiders collectively own just 0.03% of Nutrien’s stock.

Nutrien (TSE:NTR - Get Free Report) was downgraded by National Bank Financial from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Jefferies Financial Group cut Nutrien from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$96.00 to C$63.00 in a research report on Thursday, July 16th. Raymond James Financial upgraded shares of Nutrien from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, May 5th. Berenberg Bank downgraded shares of Nutrien from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 10th. BNP Paribas Exane raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Scotiabank upgraded shares of Nutrien from a "hold" rating to a "sector outperform" rating and set a C$80.00 price target on the stock in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$74.33.

Nutrien Price Performance

NTR stock opened at C$100.68 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 49.14. The company has a market capitalization of C$48.05 billion, a P/E ratio of 20.38, a PEG ratio of 1.15 and a beta of 0.68. The business has a 50 day simple moving average of C$93.81 and a 200-day simple moving average of C$97.61. Nutrien has a twelve month low of C$74.77 and a twelve month high of C$116.95.

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

Insiders Place Their Bets

In related news, insider Mark Thompson purchased 279 shares of the business's stock in a transaction dated Thursday, June 18th. The stock was acquired at an average price of C$89.86 per share, for a total transaction of C$25,070.94. Following the acquisition, the insider directly owned 37,367 shares of the company's stock, valued at C$3,357,798.62. This trade represents a 0.75% increase in their position. Also, insider Noralee Bradley acquired 300 shares of Nutrien stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the purchase, the insider directly owned 6,155 shares of the company's stock, valued at approximately C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Over the last ninety days, insiders have bought 624 shares of company stock worth $55,228. Corporate insiders own 0.03% of the company's stock.

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.

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