Nutrien (TSE:NTR) Raised to “Strong-Buy” at BNP Paribas

Nutrien (TSE:NTR) was upgraded by analysts at BNP Paribas to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on NTR. The Goldman Sachs Group raised shares of Nutrien to a “strong sell” rating in a research report on Thursday, March 13th. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$59.00.

Nutrien Stock Performance

Shares of NTR traded up C$2.19 during trading hours on Wednesday, hitting C$69.76. The stock had a trading volume of 78,981 shares, compared to its average volume of 1,845,019. Nutrien has a 12 month low of C$60.74 and a 12 month high of C$83.14. The stock has a fifty day moving average price of C$72.57 and a 200 day moving average price of C$69.38. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The firm has a market capitalization of C$24.02 billion, a PE ratio of 32.85, a PEG ratio of 1.15 and a beta of 0.95.

Insider Activity

In related news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$369,910.00. Also, Senior Officer Mark Thompson acquired 400 shares of Nutrien stock in a transaction dated Monday, March 31st. The shares were bought at an average price of C$71.18 per share, for a total transaction of C$28,472.00. Insiders have bought 9,250 shares of company stock worth $678,302 in the last three months. Company 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.