Nutrien (TSE:NTR) Rating Lowered to Hold at Wells Fargo & Company

Wells Fargo & Company cut shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

NTR has been the subject of several other reports. Hsbc Global Res raised Nutrien to a moderate sell rating in a research report on Friday, August 2nd. Mizuho raised shares of Nutrien from a strong sell rating to a hold rating in a report on Tuesday, July 16th. Finally, The Goldman Sachs Group cut shares of Nutrien from a strong-buy rating to a hold rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$64.33.

Nutrien Stock Up 0.3 %

Shares of NTR opened at C$65.22 on Tuesday. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$85.66. The firm has a market capitalization of C$32.27 billion, a P/E ratio of 29.92, a P/E/G ratio of 0.36 and a beta of 0.96. The company has a 50-day simple moving average of C$65.16 and a 200-day simple moving average of C$70.62. 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 posted its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 EPS for the quarter, beating the consensus estimate of C$2.87 by C$0.31. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. The firm had revenue of C$13.90 billion during the quarter, compared to analysts’ expectations of C$14.92 billion. On average, equities research analysts expect that Nutrien will post 5.4173028 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.31%. Nutrien’s payout ratio is presently 136.70%.

Insider Activity

In other news, Senior Officer Mark Thompson acquired 630 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of C$62.61 per share, with a total value of C$39,444.30. In other Nutrien news, Senior Officer Mark Thompson acquired 630 shares of the business’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$62.61 per share, for a total transaction of C$39,444.30. Also, Director Keith Martell bought 1,250 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of C$65.23 per share, for a total transaction of C$81,537.50. In the last quarter, insiders have bought 12,710 shares of company stock worth $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.