Nutrien (TSE:NTR) Raised to "Hold" at National Bank Financial

Key Points

• Nutrien has been upgraded to a "hold" rating by National Bank Financial, following similar moves by other analysts including Scotiabank and Raymond James Financial.
• The company's stock is currently trading at C$78.16, with a market capitalization of C$37.98 billion and a twelve-month price range between C$60.74 and C$88.03.
• Nutrien is recognized as the world's largest fertilizer producer by capacity, with a strong focus on potash and significant market presence in agricultural retail in the United States.

Nutrien (TSE:NTR - Get Free Report) was upgraded by equities research analysts at National Bank Financial to a "hold" rating in a research report issued on Thursday, September 4th, MarketBeat reports.

Several other brokerages also recently issued reports on NTR. Raymond James Financial downgraded Nutrien from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Scotiabank lowered Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold".

Nutrien Stock Down 0.3%

Nutrien stock traded down C$0.21 during mid-day trading on Thursday, hitting C$79.46. The company's stock had a trading volume of 256,593 shares, compared to its average volume of 1,593,355. The firm's 50 day moving average is C$80.54 and its 200 day moving average is C$78.08. The company has a market cap of C$38.61 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. Nutrien has a 52-week low of C$61.95 and a 52-week high of C$88.03.

Insider Activity

In other Nutrien news, Senior Officer Andrew Kelemen sold 6,638 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$86.56, for a total value of C$574,611.83. Also, Senior Officer Christopher Reynolds sold 6,858 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$85.37, for a total value of C$585,448.26. In the last quarter, insiders have sold 42,822 shares of company stock valued at $3,632,828. Insiders own 0.03% of the company's stock.

About Nutrien

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.