Nutrien (TSE:NTR) Lowered to “Hold” Rating by Barclays

Nutrien (TSE:NTR) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on NTR. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Company lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$64.50.

Nutrien Trading Up 3.3 %

Shares of NTR traded up C$2.42 during midday trading on Tuesday, hitting C$75.97. 1,269,844 shares of the stock were exchanged, compared to its average volume of 1,673,652. Nutrien has a 52-week low of C$60.74 and a 52-week high of C$83.14. The stock has a fifty day simple moving average of C$67.30 and a 200 day simple moving average of C$66.67. The firm has a market cap of C$37.59 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same period last year, the firm earned $0.47 earnings per share. On average, research analysts anticipate that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insider Activity

In related news, Director Kenneth Alvin Seitz acquired 10,490 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Insiders acquired 11,175 shares of company stock worth $716,056 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.