Nutrien (TSE:NTR) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Nutrien (TSE:NTR) to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Raymond James Financial cut Nutrien from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 17th. Scotiabank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold”.

Nutrien Stock Performance

TSE NTR opened at C$78.16 on Thursday. The stock has a market cap of C$37.98 billion, a PE ratio of 28.12, a P/E/G ratio of 1.15 and a beta of 1.11. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$88.03. The stock has a fifty day simple moving average of C$80.60 and a 200-day simple moving average of C$78.02.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.8%. Nutrien’s payout ratio is 78.06%.

Insider Buying and Selling

In other Nutrien news, Senior Officer Andrew Kelemen sold 6,638 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$86.56, for a total value of C$574,611.83. Also, Director Kenneth Alvin Seitz sold 29,326 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$84.32, for a total value of C$2,472,768.32. In the last 90 days, insiders have sold 42,822 shares of company stock valued at $3,632,828. Corporate insiders own 0.03% of the company’s stock.

About Nutrien

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.