Nutrien (TSE:NTR) Downgraded by Berenberg Bank to Hold

Nutrien (TSE:NTR) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. TD Securities upped 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. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Finally, Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Three equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Stock Down 1.9%

Shares of NTR opened at C$90.78 on Wednesday. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The firm has a market cap of C$43.58 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The firm’s 50-day simple moving average is C$98.75 and its 200 day simple moving average is C$95.10. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24.

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

Insider Activity at Nutrien

In related news, insider Christopher Reynolds acquired 2,400 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of C$95.19 per share, with a total value of C$228,456.00. Following the purchase, the insider directly owned 10,585 shares in the company, valued at approximately C$1,007,586.15. This trade represents a 29.32% increase in their ownership of the stock. Also, insider Noralee Bradley acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of C$93.42 per share, with a total value of C$93,420.00. Following the purchase, the insider owned 5,855 shares in the company, valued at C$546,974.10. The trade was a 20.60% increase in their ownership of the stock. Insiders acquired 7,562 shares of company stock worth $715,517 in the last 90 days. 0.03% of the stock is currently owned by company 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.