Barclays Downgrades Nutrien (TSE:NTR) to Hold

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

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

Nutrien Stock Up 2.9 %

NTR opened at C$75.67 on Tuesday. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The business has a 50 day moving average price of C$67.30 and a two-hundred day moving average price of C$66.67. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. The company has a market cap of C$37.44 billion, a PE ratio of 34.24, a P/E/G ratio of 1.15 and a beta of 0.95.

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 quarter last year, the firm earned $0.47 earnings per share. As a group, research analysts anticipate that Nutrien will post 5.3416399 EPS for the current year.

Insider Transactions at Nutrien

In related news, Senior Officer Mark Thompson acquired 490 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz bought 10,490 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average cost of C$64.04 per share, with a total value of C$671,779.60. In the last quarter, insiders bought 11,175 shares of company stock worth $716,056. 0.03% of the stock is currently owned by company insiders.

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.