Nutrien (TSE:NTR) Stock Rating Lowered by BNP Paribas Exane

Nutrien (TSE:NTR) was downgraded by investment analysts at BNP Paribas Exane from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

NTR has been the topic of several other research reports. TD Securities lifted their target price on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company raised Nutrien to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$80.00.

Nutrien Price Performance

Shares of TSE:NTR opened at C$98.48 on Monday. The firm’s 50 day moving average is C$91.14 and its two-hundred day moving average is C$84.17. Nutrien has a 52 week low of C$65.35 and a 52 week high of C$99.94. The firm has a market capitalization of C$47.60 billion, a P/E ratio of 26.54, a PEG ratio of 1.15 and a beta of 1.31. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10.

Insider Buying and Selling at Nutrien

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’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 completion of the transaction, the insider owned 2,312 shares of the company’s stock, valued at C$202,531.20. This trade represents a 89.07% decrease in their ownership of the stock. 0.03% of the stock is currently owned by company insiders.

Nutrien Company Profile

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.