Traders Purchase Large Volume of Nutrien Put Options (NTR)

Nutrien Ltd. (NYSE:NTR) was the target of unusually large options trading activity on Tuesday. Investors bought 2,838 put options on the stock. This represents an increase of approximately 1,134% compared to the typical daily volume of 230 put options.

Several analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Nutrien in a research note on Wednesday, January 10th. They issued a “buy” rating and a $64.00 price target on the stock. Stephens reiterated a “buy” rating and issued a $57.00 price target on shares of Nutrien in a research note on Wednesday. Raymond James Financial decreased their price target on shares of Nutrien from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Wednesday. HSBC assumed coverage on shares of Nutrien in a research note on Thursday, January 11th. They issued a “buy” rating on the stock. Finally, TD Securities decreased their price target on shares of Nutrien from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $58.38.

Shares of Nutrien (NYSE NTR) opened at $45.05 on Friday. Nutrien has a fifty-two week low of $40.41 and a fifty-two week high of $56.18. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 0.44. The firm has a market cap of $30,150.00 and a PE ratio of 34.04.

An institutional investor recently bought a new position in Nutrien stock. Verity Asset Management Inc. bought a new position in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 11,354 shares of the company’s stock, valued at approximately $594,000.

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Nutrien Company Profile

Nutrien Ltd. produces and distributes potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers worldwide. It offers potash crop feed, fertilizer, industrial, metal finishing, and purified acid products, as well as blends. The company is also involved in the retail operations that serve growers in seven countries across three continents.

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