Nutrien (TSE:NTR) Lowered to Hold Rating by BNP Paribas Exane

Nutrien (TSE:NTR) was downgraded by stock analysts at BNP Paribas Exane from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company raised Nutrien to a “hold” rating in a research note on Tuesday, November 11th. TD Securities upped their price target on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$80.00.

Nutrien Trading Up 1.1%

Shares of TSE:NTR opened at C$98.48 on Monday. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The stock has a market capitalization of C$47.60 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.15 and a beta of 1.31. Nutrien has a 1-year low of C$65.35 and a 1-year high of C$99.94. The company has a 50 day moving average price of C$91.14 and a 200 day moving average price of C$84.17.

Insider Activity at Nutrien

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$87.60, for a total value of C$1,650,909.60. Following the transaction, the insider owned 2,312 shares in the company, valued at approximately C$202,531.20. This represents a 89.07% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.