Nutrien (TSE:NTR) Upgraded at KeyCorp

Nutrien (TSE:NTR) was upgraded by equities research analysts at KeyCorp to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Jefferies Financial Group lowered shares of Nutrien from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$96.00 to C$63.00 in a report on Thursday, July 16th. National Bank Financial cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of C$74.33.

Nutrien Stock Down 2.3%

Shares of Nutrien stock opened at C$109.09 on Thursday. The company has a debt-to-equity ratio of 49.14, a quick ratio of 0.65 and a current ratio of 1.39. Nutrien has a 52-week low of C$74.77 and a 52-week high of C$116.95. The stock has a market capitalization of C$52.06 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.15 and a beta of 0.66. The company’s 50 day moving average price is C$98.45 and its 200-day moving average price is C$98.59.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 EPS for the quarter. The company had revenue of C$15.36 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. Equities research analysts forecast that Nutrien will post 5.3416399 EPS for the current year.

Insiders Place Their Bets

In related news, insider Noralee Bradley acquired 300 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of C$86.16 per share, for a total transaction of C$25,848.00. Following the acquisition, the insider owned 6,155 shares of the company’s stock, valued at C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Also, insider Mark Thompson bought 279 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the transaction, the insider owned 37,367 shares in the company, valued at approximately C$3,357,798.62. This trade represents a 0.75% increase in their position. Over the last three months, insiders have acquired 624 shares of company stock worth $55,228. 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.