Nutrien (TSE:NTR) Upgraded at Raymond James

Raymond James upgraded shares of Nutrien (TSE:NTR) from a hold rating to a moderate buy rating in a research note published on Tuesday,Zacks.com reports. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.39 EPS and FY2024 earnings at $4.79 EPS.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Company downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, UBS Group cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$64.50.

Nutrien Trading Down 0.1 %

TSE NTR opened at C$67.48 on Tuesday. The stock’s 50 day moving average is C$66.22 and its 200 day moving average is C$68.46. The firm has a market capitalization of C$33.39 billion, a PE ratio of 30.53, a P/E/G ratio of 1.15 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.20%. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is currently 132.13%.

Insider Buying and Selling

In related news, Director Keith Martell acquired 1,250 shares of Nutrien stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 490 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of C$63.99 per share, with a total value of C$31,355.10. Over the last three months, insiders have bought 5,390 shares of company stock worth $346,265. Corporate insiders own 0.03% of the company’s stock.

About Nutrien

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.