Insider Buying: Nutrien (TSE:NTR) Director Purchases C$368,628.00 in Stock

Nutrien Ltd. (TSE:NTR) Director Kenneth Alvin Seitz bought 3,900 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average price of C$94.52 per share, with a total value of C$368,628.00. Following the completion of the purchase, the director owned 47,513 shares of the company’s stock, valued at C$4,490,928.76. This represents a 8.94% increase in their ownership of the stock.

Nutrien Price Performance

Shares of NTR opened at C$97.34 on Friday. The company has a market cap of C$46.73 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. Nutrien Ltd. has a twelve month low of C$74.77 and a twelve month high of C$116.95. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. The company has a 50 day moving average of C$102.45 and a two-hundred day moving average of C$92.93.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on NTR shares. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. TD Securities raised their price target on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.