Nutrien Ltd. (TSE:NTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Nutrien Ltd. (TSE:NTR) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$80.00.

Several equities research analysts have recently commented on the company. Berenberg Bank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday. UBS Group downgraded Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, BNP Paribas Exane cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd.

Nutrien Trading Up 0.9%

TSE NTR opened at C$91.64 on Friday. The company has a market cap of C$43.99 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.15 and a beta of 0.75. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The business has a 50 day moving average price of C$98.49 and a 200-day moving average price of C$95.18. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44.

Nutrien (TSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. The firm 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%. As a group, equities analysts expect that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Noralee Bradley bought 1,000 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of C$93.42 per share, for a total transaction of C$93,420.00. Following the completion of the acquisition, the insider directly owned 5,855 shares in the company, valued at approximately C$546,974.10. This trade represents a 20.60% increase in their position. Also, insider Christopher Reynolds bought 2,400 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of C$95.19 per share, with a total value of C$228,456.00. Following the acquisition, the insider owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. In the last three months, insiders have purchased 7,562 shares of company stock worth $715,517. Company 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.