Nutrien (TSE:NTR) Stock Rating Lowered by Barclays

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

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

Nutrien Stock Up 3.3 %

NTR stock traded up C$2.42 during midday trading on Tuesday, hitting C$75.97. The stock had a trading volume of 1,269,844 shares, compared to its average volume of 1,673,652. Nutrien has a 52-week low of C$60.74 and a 52-week high of C$83.14. The firm has a market cap of C$37.59 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The business has a 50-day moving average of C$67.30 and a two-hundred day moving average of C$66.67. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported C$0.53 EPS for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.06). Nutrien had a return on equity of 3.22% and a net margin of 3.06%. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts forecast that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutrien news, Director Kenneth Alvin Seitz bought 10,490 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson bought 490 shares of the company’s 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 three months, insiders acquired 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.