Raymond James Financial Downgrades Nutrien (TSE:NTR) to Hold

Nutrien (TSE:NTR) was downgraded by equities research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. BNP Paribas raised Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Scotiabank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group upgraded Nutrien to a “strong sell” rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Nutrien presently has an average rating of “Hold”.

Nutrien Trading Up 1.0%

Shares of NTR opened at C$85.40 on Tuesday. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$88.03. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The stock has a 50 day simple moving average of C$79.00 and a 200-day simple moving average of C$73.90. The stock has a market cap of C$29.40 billion, a PE ratio of 40.21, a PEG ratio of 1.15 and a beta of 0.95.

Insiders Place Their Bets

In other news, Senior Officer Andrew Kelemen sold 6,638 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$86.56, for a total transaction of C$574,611.83. Also, Senior Officer Mark Thompson purchased 500 shares of Nutrien stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average cost of C$72.61 per share, for a total transaction of C$36,305.00. Over the last 90 days, insiders have acquired 1,978 shares of company stock valued at $150,249 and have sold 42,822 shares valued at $3,632,828. Company insiders own 0.03% of the company’s stock.

Nutrien Company Profile

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.