Nutrien (TSE:NTR) Stock Rating Upgraded by Wells Fargo & Company

Nutrien (TSE:NTR) was upgraded by analysts at Wells Fargo & Company from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other analysts also recently commented on the stock. TD Securities boosted their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Jefferies Financial Group raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of C$80.00.

Nutrien Price Performance

NTR opened at C$113.79 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 51.16. The company has a fifty day simple moving average of C$96.14 and a 200 day simple moving average of C$86.58. Nutrien has a twelve month low of C$65.35 and a twelve month high of C$116.95. The firm has a market cap of C$54.75 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.15 and a beta of 1.26.

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

Insiders Place Their Bets

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

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.