Kenneth Alvin Seitz Purchases 3,900 Shares of Nutrien (TSE:NTR) Stock

Nutrien Ltd. (TSE:NTR) Director Kenneth Alvin Seitz purchased 3,900 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of C$94.52 per share, with a total value of C$368,628.00. Following the completion of the acquisition, the director owned 47,513 shares of the company’s stock, valued at approximately C$4,490,928.76. This trade represents a 8.94% increase in their ownership of the stock.

Nutrien Stock Performance

Nutrien stock traded up C$0.96 during trading hours on Tuesday, reaching C$98.50. 683,424 shares of the stock were exchanged, compared to its average volume of 1,781,950. The stock has a market cap of C$47.28 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.15 and a beta of 1.12. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24. Nutrien Ltd. has a 52-week low of C$74.77 and a 52-week high of C$116.95. The firm’s 50 day moving average is C$102.73 and its 200 day moving average is C$92.56.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The business had revenue of C$8.41 billion for the quarter. Analysts predict that Nutrien Ltd. will post 5.3416399 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on NTR shares. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. TD Securities upped their price objective on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Raymond James Financial upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. BNP Paribas Exane lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$80.00.

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.