Nutrien (TSE:NTR) Stock Rating Lowered by Barclays

Barclays cut shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on NTR. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$64.50.

Nutrien Stock Up 3.3 %

Nutrien stock traded up C$2.45 during mid-day trading on Tuesday, reaching C$76.00. 1,284,371 shares of the company’s stock were exchanged, compared to its average volume of 1,677,125. The company has a market cap of C$37.60 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. The company has a fifty day moving average of C$67.30 and a 200-day moving average of C$66.67.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.06). Nutrien had a return on equity of 3.22% and a net margin of 3.06%. During the same quarter last year, the business earned $0.47 EPS. Sell-side analysts expect that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.84%. The ex-dividend date was Tuesday, December 31st. Nutrien’s payout ratio is currently 132.13%.

Insiders Place Their Bets

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

About Nutrien

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.