Nutrien (TSE:NTR) Rating Increased to Hold at KeyCorp

Nutrien (TSE:NTR) was upgraded by investment analysts at KeyCorp to a “hold” rating in a report released on Thursday, Zacks reports.

A number of other research analysts have also recently commented on NTR. Jefferies Financial Group cut Nutrien from a “buy” rating to a “hold” rating and reduced their target price for the company from C$96.00 to C$63.00 in a research note on Thursday, July 16th. Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. National Bank Financial cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price objective on the stock in a research report on Tuesday, June 30th. Finally, BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of C$74.33.

Nutrien Trading Down 2.3%

Shares of Nutrien stock opened at C$109.09 on Thursday. Nutrien has a 1 year low of C$74.77 and a 1 year high of C$116.95. The firm has a market cap of C$52.06 billion, a PE ratio of 22.08, a PEG ratio of 1.15 and a beta of 0.66. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65. The company has a 50 day simple moving average of C$98.45 and a two-hundred day simple moving average of C$98.59.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 EPS for the quarter. The firm had revenue of C$15.36 billion for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. Analysts expect that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nutrien news, insider Mark Thompson purchased 279 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of C$89.86 per share, for a total transaction of C$25,070.94. Following the completion of the transaction, the insider directly owned 37,367 shares in the company, valued at approximately C$3,357,798.62. This represents a 0.75% increase in their position. Also, insider Noralee Bradley acquired 300 shares of Nutrien stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of C$86.16 per share, for a total transaction of C$25,848.00. Following the completion of the purchase, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. The trade was a 5.12% increase in their position. In the last quarter, insiders purchased 624 shares of company stock worth $55,228. 0.03% of the stock is 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.