Christopher Reynolds Purchases 2,400 Shares of Nutrien (TSE:NTR) Stock

Nutrien Ltd. (TSE:NTR) insider Christopher Reynolds acquired 2,400 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of C$95.19 per share, with a total value of C$228,456.00. Following the completion of the purchase, the insider directly owned 10,585 shares in the company, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock.

Nutrien Stock Up 1.0%

Shares of NTR stock traded up C$0.96 during trading hours on Tuesday, reaching C$98.50. 683,424 shares of the company’s stock were exchanged, compared to its average volume of 1,781,950. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. The company has a market cap of C$47.28 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.15 and a beta of 1.12. The stock’s 50 day moving average is C$102.73 and its 200-day moving average is C$92.56. Nutrien Ltd. has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$8.41 billion for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%. Analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NTR shares. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. UBS Group lowered shares of Nutrien from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Wells Fargo & Company upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, TD Securities raised 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. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$80.00.

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.