BNP Paribas Exane Downgrades Nutrien (TSE:NTR) to Hold

Nutrien (TSE:NTR) was downgraded by BNP Paribas Exane from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Wells Fargo & Company upgraded shares of Nutrien to a “hold” rating in a research report on Tuesday, November 11th. TD Securities lifted their price objective on Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of C$80.00.

Nutrien Stock Up 1.2%

Shares of TSE:NTR opened at C$99.67 on Monday. Nutrien has a one year low of C$65.35 and a one year high of C$100.20. The company has a 50 day moving average of C$91.44 and a 200-day moving average of C$84.33. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The stock has a market cap of C$48.17 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.15 and a beta of 1.31.

Insider Activity at Nutrien

In other news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total transaction of C$1,650,909.60. Following the completion of the sale, the insider owned 2,312 shares in the company, valued at approximately C$202,531.20. This trade represents a 89.07% decrease in their position. 0.03% of the stock is currently owned by corporate insiders.

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.