Nutrien (TSE:NTR) Upgraded at Scotiabank

Nutrien (TSE:NTR) was upgraded by equities research analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

NTR has been the topic of several other reports. Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. UBS Group lowered shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Finally, Berenberg Bank lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$80.00.

Nutrien Price Performance

Nutrien stock opened at C$89.35 on Tuesday. The firm’s 50-day moving average is C$94.92 and its two-hundred day moving average is C$95.84. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65. The stock has a market capitalization of C$42.89 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.15 and a beta of 0.75. Nutrien has a 12-month low of C$74.77 and a 12-month high of C$116.95.

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. The firm had revenue of C$8.41 billion for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. Equities analysts predict that Nutrien will post 5.3416399 earnings per share for the current year.

Insider Activity

In other news, insider Noralee Bradley purchased 300 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the purchase, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. This represents a 5.12% increase in their position. Also, insider Mark Thompson bought 279 shares of the stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the purchase, the insider directly owned 37,367 shares of the company’s stock, valued at approximately C$3,357,798.62. This represents a 0.75% increase in their ownership of the stock. Insiders purchased 8,141 shares of company stock worth $766,436 over the last three months. Insiders own 0.03% of the company’s stock.

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.