Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of “Hold” from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$80.00.

Several equities analysts have recently weighed in on the stock. BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. TD Securities upped their price target on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company upgraded Nutrien to a “hold” rating in a report on Tuesday, November 11th.

Nutrien Stock Performance

NTR opened at C$101.68 on Wednesday. Nutrien has a 1-year low of C$65.35 and a 1-year high of C$106.38. The company has a market capitalization of C$49.15 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The business has a 50 day moving average price of C$92.95 and a two-hundred day moving average price of C$85.15. The company has a debt-to-equity ratio of 51.16, a current ratio of 1.34 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$1.14 earnings per share for the quarter. The business had revenue of C$5.34 billion during the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%. Research analysts predict that Nutrien will post 5.3416399 EPS for the current fiscal year.

Insider Activity at Nutrien

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 2,312 shares of the company’s stock, valued at approximately C$202,531.20. This trade represents a 89.07% decrease in their position. Company 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.