Jefferies Financial Group Upgrades Nutrien (TSE:NTR) to Strong-Buy

Nutrien (TSE:NTR) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. TD Securities raised their price objective on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. BNP Paribas Exane lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Nutrien has a consensus rating of “Hold” and a consensus price target of C$80.00.

Nutrien Stock Down 0.5%

Shares of TSE NTR opened at C$113.79 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 51.16. Nutrien has a 12-month low of C$65.35 and a 12-month high of C$116.95. The firm’s 50-day moving average price is C$96.14 and its 200-day moving average price is C$86.54. The stock has a market capitalization of C$54.75 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.15 and a beta of 1.26.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$1.14 EPS for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%.The company had revenue of C$5.34 billion during the quarter. On average, equities research analysts anticipate that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total value of C$1,650,909.60. Following the sale, the insider directly owned 2,312 shares of the company’s stock, valued at C$202,531.20. This represents a 89.07% decrease in their position. 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.