Nutrien (TSE:NTR) Stock Rating Lowered by UBS Group

Key Points

• UBS Group downgraded Nutrien from a "hold" to a "strong sell", signalling a notable negative reassessment of the stock.
• Analyst sentiment is mixed — two Strong Buy, one Buy, four Hold and one Sell — resulting in an average rating of Moderate Buy and an average target price of C$80.00.
• Nutrien shares fell about 3.7%, opening at C$102.03; the stock trades in a 52‑week range of C$65.35–C$116.95 and has a market cap of roughly C$49.09 billion (P/E 21.89).

Nutrien (TSE:NTR - Get Free Report) was downgraded by UBS Group from a "hold" rating to a "strong sell" rating in a report released on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. BNP Paribas Exane downgraded shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. Jefferies Financial Group upgraded shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Wells Fargo & Company raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a report on Friday, March 13th. Finally, TD Securities increased their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$80.00.

Nutrien Stock Down 3.7%

Nutrien stock opened at C$102.03 on Thursday. Nutrien has a fifty-two week low of C$65.35 and a fifty-two week high of C$116.95. The company has a debt-to-equity ratio of 51.16, a quick ratio of 0.65 and a current ratio of 1.34. The company has a market capitalization of C$49.09 billion, a P/E ratio of 21.89, a PEG ratio of 1.15 and a beta of 1.26. The stock has a 50-day simple moving average of C$99.59 and a 200-day simple moving average of C$88.12.

Nutrien (TSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$1.14 earnings per share (EPS) for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%.The firm had revenue of C$5.34 billion for the quarter. Equities research analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.

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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