Nutrien (TSE:NTR) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Nutrien (TSE:NTR) from a strong sell rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

NTR has been the topic of a number of other reports. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Finally, UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$64.50.

Nutrien Stock Performance

NTR opened at C$73.72 on Monday. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. Nutrien has a 52-week low of C$60.74 and a 52-week high of C$83.14. The firm has a market cap of C$36.47 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The business’s fifty day moving average is C$66.55 and its 200-day moving average is C$66.52.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is 132.13%.

Insider Buying and Selling at Nutrien

In other news, Senior Officer Mark Thompson acquired 490 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz bought 10,490 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Insiders have purchased 11,175 shares of company stock worth $716,056 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.