Nutrien (TSE:NTR) Downgraded to “Strong Sell” at Mizuho

Mizuho cut shares of Nutrien (TSE:NTRFree Report) from a hold rating to a strong sell rating in a research note issued to investors on Friday morning, Zacks.com reports.

Separately, Royal Bank of Canada lowered their target price on shares of Nutrien from C$75.00 to C$70.00 and set an outperform rating on the stock in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$68.25.

Read Our Latest Stock Report on NTR

Nutrien Stock Performance

Nutrien stock traded up C$0.72 during midday trading on Friday, hitting C$78.58. 852,409 shares of the company’s stock were exchanged, compared to its average volume of 1,231,670. The firm’s 50 day simple moving average is C$73.89 and its 200 day simple moving average is C$72.82. Nutrien has a 12-month low of C$64.89 and a 12-month high of C$92.48. The company has a debt-to-equity ratio of 49.86, a quick ratio of 0.65 and a current ratio of 1.17. The stock has a market cap of C$38.86 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97.

Nutrien (TSE:NTRGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.97 by C($0.47). The company had revenue of C$7.71 billion for the quarter, compared to analysts’ expectations of C$7.10 billion. Nutrien had a net margin of 4.48% and a return on equity of 5.02%. Equities research analysts predict that Nutrien will post 5.6844584 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is presently 85.30%.

Insider Activity at Nutrien

In other news, Director Robert Kirkpatrick sold 7,317 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total transaction of C$388,825.38. Following the transaction, the director now owns 566 shares of the company’s stock, valued at C$30,077.24. In other news, Director Robert Kirkpatrick sold 7,317 shares of Nutrien stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total value of C$388,825.38. Following the completion of the transaction, the director now directly owns 566 shares of the company’s stock, valued at approximately C$30,077.24. Also, Senior Officer Andrew Kelemen acquired 400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of C$71.51 per share, for a total transaction of C$28,604.00. Insiders have purchased 1,530 shares of company stock valued at $109,899 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

About Nutrien

(Get Free Report)

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.

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Analyst Recommendations for Nutrien (TSE:NTR)

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