Nutrien (TSE:NTR) Upgraded to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Nutrien (TSE:NTR) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other analysts have also issued reports on NTR. TD Securities upped their price target on shares of Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. BNP Paribas Exane lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$80.00.

Nutrien Trading Up 6.2%

NTR stock opened at C$114.41 on Thursday. The company has a market capitalization of C$55.05 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.26. The company has a debt-to-equity ratio of 51.16, a quick ratio of 0.65 and a current ratio of 1.34. Nutrien has a one year low of C$65.35 and a one year high of C$116.25. The company’s 50 day moving average price is C$95.60 and its two-hundred day moving average price is C$86.31.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$1.14 earnings per share (EPS) for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. The company had revenue of C$5.34 billion during the quarter. As a group, analysts predict that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Insider Activity at Nutrien

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total transaction of C$1,650,909.60. Following the completion of the sale, the insider directly owned 2,312 shares in the company, valued at C$202,531.20. This represents a 89.07% decrease in their position. 0.03% of the stock is currently owned by insiders.

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.