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

Nutrien (TSE:NTR) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, Marketbeat reports. They presently have a C$63.00 price target on the stock, down from their prior price target of C$96.00. Jefferies Financial Group’s price target points to a potential downside of 33.14% from the company’s current price.

NTR has been the subject of a number of other reports. National Bank Financial raised shares of Nutrien to a “strong-buy” rating in a report on Monday, July 13th. UBS Group lowered shares of Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Barclays upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Berenberg Bank cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Raymond James Financial raised Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and an average price target of C$74.33.

Nutrien Stock Down 0.0%

NTR opened at C$94.23 on Thursday. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24. The company has a market capitalization of C$45.23 billion, a PE ratio of 19.19, a P/E/G ratio of 1.15 and a beta of 0.71. The stock’s fifty day moving average is C$93.44 and its 200-day moving average is C$96.44. Nutrien has a one year low of C$74.77 and a one year high of C$116.95.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$8.41 billion during the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%. On average, equities analysts predict that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Thompson purchased 279 shares of Nutrien stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of C$89.86 per share, for a total transaction of C$25,070.94. Following the transaction, the insider owned 37,367 shares in the company, valued at C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock. Also, insider Noralee Bradley bought 1,000 shares of Nutrien stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of C$93.42 per share, with a total value of C$93,420.00. Following the acquisition, the insider directly owned 5,855 shares of the company’s stock, valued at approximately C$546,974.10. This represents a 20.60% increase in their ownership of the stock. In the last ninety days, insiders acquired 8,141 shares of company stock valued at $766,436. 0.03% of the stock is currently owned by insiders.

About Nutrien

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.