Nutrien (TSE:NTR) Downgraded to “Strong Sell” Rating by UBS Group

UBS Group cut shares of Nutrien (TSE:NTR) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks.com reports.

A number of other equities analysts have also issued reports on NTR. Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Jefferies Financial Group raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. BNP Paribas Exane lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, TD Securities raised their target price on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Price Performance

Shares of TSE NTR opened at C$102.03 on Thursday. The stock has a market cap of C$49.09 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.15 and a beta of 1.26. The firm’s 50-day simple moving average is C$99.59 and its 200 day simple moving average is C$88.12. Nutrien has a fifty-two week low of C$65.35 and a fifty-two week high of C$116.95. The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 51.16.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, February 18th. The company reported C$1.14 earnings per share (EPS) for the quarter. The firm had revenue of C$5.34 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. Equities analysts expect that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Company Profile

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.