Nutrien (TSE:NTR) Lowered to “Hold” Rating by Berenberg Bank

Berenberg Bank lowered shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on NTR. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. TD Securities raised their price objective on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Finally, Wells Fargo & Company raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$80.00.

Nutrien Stock Down 1.9%

Shares of TSE:NTR opened at C$90.78 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. Nutrien has a 12 month low of C$74.77 and a 12 month high of C$116.95. The company has a 50-day moving average price of C$98.75 and a 200 day moving average price of C$95.10. The company has a market cap of C$43.58 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.15 and a beta of 0.75.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The firm had revenue of C$8.41 billion during the quarter. As a group, equities research analysts predict that Nutrien will post 5.3416399 earnings per share for the current year.

Insiders Place Their Bets

In other Nutrien news, insider Noralee Bradley purchased 1,000 shares of Nutrien stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of C$93.42 per share, with a total value of C$93,420.00. Following the completion of the transaction, the insider owned 5,855 shares in the company, valued at approximately C$546,974.10. This trade represents a 20.60% increase in their position. Also, insider Mark Thompson purchased 262 shares of Nutrien stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of C$95.47 per share, for a total transaction of C$25,013.14. Following the completion of the transaction, the insider owned 36,277 shares of the company’s stock, valued at approximately C$3,463,365.19. This represents a 0.73% increase in their position. In the last ninety days, insiders acquired 7,562 shares of company stock valued at $715,517. Company insiders own 0.03% of the company’s stock.

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.