Nutrien (TSE:NTR) Cut to Hold at UBS Group

UBS Group lowered shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a research note published on Thursday, Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company cut shares of Nutrien from a strong-buy rating to a hold rating in a research report on Tuesday, September 24th. Hsbc Global Res raised shares of Nutrien to a moderate sell rating in a research report on Friday, August 2nd. Mizuho upgraded shares of Nutrien from a strong sell rating to a hold rating in a research note on Tuesday, July 16th. Finally, The Goldman Sachs Group lowered shares of Nutrien from a strong-buy rating to a hold rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of C$64.33.

Nutrien Trading Up 0.2 %

NTR stock opened at C$67.50 on Thursday. The firm has a market cap of C$33.40 billion, a P/E ratio of 31.25, a PEG ratio of 0.36 and a beta of 0.96. Nutrien has a 52-week low of C$60.74 and a 52-week high of C$85.48. The company’s 50-day simple moving average is C$64.63 and its 200-day simple moving average is C$70.27. 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 (TSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.87 by C$0.31. The business had revenue of C$13.90 billion for the quarter, compared to analyst estimates of C$14.92 billion. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. As a group, equities analysts forecast that Nutrien will post 5.5004136 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s payout ratio is currently 135.19%.

Insider Activity at Nutrien

In other Nutrien news, Senior Officer Mark Thompson purchased 3,500 shares of Nutrien stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of C$64.00 per share, for a total transaction of C$224,000.00. In other Nutrien news, Director Keith Martell acquired 1,250 shares of the stock in a transaction dated Thursday, September 19th. The shares were bought at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$64.00 per share, for a total transaction of C$224,000.00. In the last three months, insiders bought 12,710 shares of company stock valued at $814,824. 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.