Nutrien (TSE:NTR) Lowered to "Hold" Rating by Scotiabank

Nutrien (TSE:NTR - Get Free Report) was downgraded by analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

NTR has been the subject of several other research reports. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. The Goldman Sachs Group raised shares of Nutrien to a "strong sell" rating in a research report on Thursday, March 13th. Finally, Barclays cut shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

Nutrien Trading Up 0.9%

NTR traded up C$0.72 during trading on Wednesday, reaching C$80.93. 857,835 shares of the company's stock were exchanged, compared to its average volume of 1,841,616. The company's fifty day moving average price is C$73.97 and its 200-day moving average price is C$71.33. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The firm has a market capitalization of C$27.86 billion, a PE ratio of 38.10, a P/E/G ratio of 1.15 and a beta of 0.95.

Insiders Place Their Bets

In other news, Director Michael Jeremiah Hennigan purchased 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Senior Officer Mark Thompson acquired 400 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of C$71.18 per share, with a total value of C$28,472.00. Insiders have acquired a total of 9,470 shares of company stock worth $695,156 in the last quarter. Corporate insiders own 0.03% of the company's stock.

Nutrien Company Profile

Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.