Nutrien (TSE:NTR) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of Nutrien (TSE:NTR) from a buy rating to a hold rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has C$63.00 price target on the stock, down from their prior price target of C$96.00.

Several other brokerages have also recently issued reports on NTR. Berenberg Bank cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Barclays raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. UBS Group cut Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Raymond James Financial raised Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, May 5th. Finally, Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price on the stock in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of C$74.33.

Nutrien Trading Down 0.0%

TSE:NTR opened at C$94.23 on Thursday. The firm has a 50-day simple moving average of C$93.44 and a 200-day simple moving average of C$96.44. Nutrien has a one year low of C$74.77 and a one year high of C$116.95. The firm has a market cap of C$45.23 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.15 and a beta of 0.71. 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 released its quarterly earnings data 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 anticipate that Nutrien will post 5.3416399 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.3%. Nutrien’s dividend payout ratio is presently 44.50%.

Insiders Place Their Bets

In other Nutrien news, insider Noralee Bradley acquired 300 shares of the stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the transaction, the insider directly owned 6,155 shares of the company’s stock, valued at C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Also, insider Christopher Reynolds bought 2,400 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of C$95.19 per share, for a total transaction of C$228,456.00. Following the completion of the purchase, the insider owned 10,585 shares in the company, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. In the last 90 days, insiders have bought 8,141 shares of company stock worth $766,436. 0.03% of the stock is currently owned by company 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.