Nutrien (TSE:NTR) Upgraded by BNP Paribas Exane to Strong-Buy Rating

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

Several other research analysts also recently commented on the stock. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. National Bank Financial raised shares of Nutrien to a “strong-buy” rating in a report on Monday, July 13th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Jefferies Financial Group lowered Nutrien from a “buy” rating to a “hold” rating and cut their price target for the stock from C$96.00 to C$63.00 in a report on Thursday, July 16th. Finally, Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of “Buy” and an average price target of C$74.33.

Nutrien Price Performance

TSE NTR opened at C$98.00 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. The company has a market cap of C$47.04 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.71. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95. The firm’s 50-day simple moving average is C$93.11 and its two-hundred day simple moving average is C$97.05.

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

Insider Activity

In other news, insider Noralee Bradley acquired 300 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of C$86.16 per share, for a total transaction of C$25,848.00. Following the completion of the transaction, the insider owned 6,155 shares of the company’s stock, valued at C$530,314.80. The trade was a 5.12% increase in their ownership of the stock. Also, Director Kenneth Alvin Seitz acquired 3,900 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of C$94.52 per share, with a total value of C$368,628.00. Following the completion of the transaction, the director directly owned 47,513 shares of the company’s stock, valued at C$4,490,928.76. This trade represents a 8.94% increase in their position. In the last three months, insiders bought 8,141 shares of company stock valued at $766,436. Corporate 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.