Nutrien (TSE:NTR) Downgraded by UBS Group

Nutrien (TSE:NTR) was downgraded by research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

NTR has been the topic of a number of other research reports. The Goldman Sachs Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Hsbc Global Res upgraded shares of Nutrien to a “moderate sell” rating in a research note on Friday, August 2nd. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$64.33.

Nutrien Stock Performance

TSE:NTR opened at C$67.50 on Thursday. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65. The firm has a 50-day moving average of C$64.63 and a two-hundred day moving average of C$70.27. The stock has a market cap of C$33.40 billion, a P/E ratio of 31.25, a PEG ratio of 0.36 and a beta of 0.96. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$85.48.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.87 by C$0.31. The company had revenue of C$13.90 billion during the quarter, compared to analysts’ expectations of C$14.92 billion. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. On average, research analysts expect that Nutrien will post 5.5004136 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Mark Thompson purchased 3,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of C$64.00 per share, for a total transaction of C$224,000.00. In other news, Director Keith Martell purchased 1,250 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of C$65.23 per share, for a total transaction of C$81,537.50. Also, Senior Officer Mark Thompson purchased 3,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of C$64.00 per share, for a total transaction of C$224,000.00. Insiders have acquired a total of 12,710 shares of company stock worth $814,824 over the last quarter. 0.03% of the stock is owned by company insiders.

About Nutrien

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.