Nutrien (TSE:NTR) Stock Rating Upgraded by Piper Sandler

Nutrien (TSE:NTR) was upgraded by Piper Sandler from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on NTR. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. UBS Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of C$64.50.

Nutrien Stock Performance

TSE NTR opened at C$74.19 on Monday. The company has a 50-day simple moving average of C$66.70 and a 200 day simple moving average of C$66.55. 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 has a 52-week low of C$60.74 and a 52-week high of C$83.14. The company has a market capitalization of C$36.71 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Insider Activity

In other news, Director Kenneth Alvin Seitz bought 10,490 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of Nutrien stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of C$63.99 per share, for a total transaction of C$31,355.10. In the last quarter, insiders purchased 11,175 shares of company stock valued at $716,056. 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.