Nutrien (TSE:NTR) Upgraded by BNP Paribas Exane to “Strong-Buy” Rating

BNP Paribas Exane upgraded shares of Nutrien (TSE:NTR) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

NTR has been the subject of several other research reports. Jefferies Financial Group downgraded shares of Nutrien from a “buy” rating to a “hold” rating and reduced their price target for the company from C$96.00 to C$63.00 in a report on Thursday, July 16th. Scotiabank upgraded shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a research note on Tuesday, June 30th. National Bank Financial raised Nutrien to a “strong-buy” rating in a report on Monday, July 13th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Buy” and a consensus target price of C$74.33.

Nutrien Stock Performance

Shares of TSE NTR opened at C$98.00 on Tuesday. 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 firm’s 50-day moving average price is C$93.11 and its two-hundred day moving average price is C$97.05. Nutrien has a 52-week low of C$74.77 and a 52-week high of C$116.95. The stock has a market capitalization of C$47.04 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.15 and a beta of 0.71.

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

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 2.2%. Nutrien’s dividend payout ratio is presently 44.50%.

Insider Activity at Nutrien

In related news, insider Christopher Reynolds purchased 2,400 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of C$95.19 per share, for a total transaction of C$228,456.00. Following the transaction, the insider owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. This represents a 29.32% increase in their ownership of the stock. Also, insider Noralee Bradley purchased 1,000 shares of Nutrien stock in a transaction dated 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 completion of the purchase, the insider owned 5,855 shares in the company, valued at approximately C$546,974.10. This trade represents a 20.60% increase in their position. Over the last quarter, insiders have bought 8,141 shares of company stock worth $766,436. 0.03% of the stock is currently owned by corporate insiders.

Nutrien Company Profile

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.