Nutrien (TSE:NTR) Insider Christopher Reynolds Purchases 2,400 Shares of Stock

Nutrien Ltd. (TSE:NTR) insider Christopher Reynolds acquired 2,400 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of C$95.19 per share, for a total transaction of C$228,456.00. Following the acquisition, the insider directly owned 10,585 shares in the company, valued at C$1,007,586.15. This represents a 29.32% increase in their ownership of the stock.

Nutrien Trading Up 1.1%

TSE:NTR opened at C$98.64 on Wednesday. Nutrien Ltd. has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65. The stock has a market capitalization of C$47.35 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. The business’s 50-day simple moving average is C$102.66 and its 200-day simple moving average is C$92.70.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. The firm had revenue of C$8.41 billion for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%. Sell-side analysts expect that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research reports. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, TD Securities boosted their target price on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$80.00.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.