Nutrien Ltd. (TSE:NTR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$80.00.

NTR has been the subject of a number of analyst reports. BNP Paribas Exane downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. TD Securities lifted their price objective 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 shares of Nutrien to a “hold” rating in a research report on Tuesday, November 11th.

Insiders Place Their Bets

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of Nutrien stock in a transaction on Tuesday, December 23rd. The stock was 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 in the company, valued at approximately C$202,531.20. The trade was a 89.07% decrease in their position. 0.03% of the stock is owned by corporate insiders.

Nutrien Stock Down 1.8%

TSE NTR opened at C$101.68 on Wednesday. Nutrien has a twelve month low of C$65.35 and a twelve month high of C$106.38. The company has a debt-to-equity ratio of 51.16, a quick ratio of 0.65 and a current ratio of 1.34. The stock has a market cap of C$49.15 billion, a PE ratio of 27.41, a PEG ratio of 1.15 and a beta of 1.31. The firm has a 50-day simple moving average of C$92.95 and a 200 day simple moving average of C$85.15.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$1.14 EPS for the quarter. The firm 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%. On average, research analysts forecast that Nutrien will post 5.3416399 EPS for the current year.

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.