Nutrien (TSE:NTR) Downgraded by Wells Fargo & Company

Nutrien (TSE:NTR) was downgraded by research analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

Several other research firms also recently weighed in on NTR. The Goldman Sachs Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Hsbc Global Res raised shares of Nutrien to a “moderate sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$64.33.

Nutrien Stock Down 0.7 %

NTR opened at C$63.66 on Tuesday. The stock has a market cap of C$31.50 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. The firm’s fifty day moving average is C$65.40 and its 200 day moving average is C$70.70. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$85.66.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$3.18 EPS for the quarter, beating the consensus estimate of C$2.87 by C$0.31. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. The business had revenue of C$13.90 billion for the quarter, compared to the consensus estimate of C$14.92 billion. On average, sell-side analysts forecast that Nutrien will post 5.4173028 earnings per share for the current fiscal year.

Insider Activity

In other Nutrien news, Director Keith Martell bought 1,250 shares of Nutrien stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of C$65.23 per share, for a total transaction of C$81,537.50. In other Nutrien news, Director Keith Martell purchased 1,250 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson purchased 3,155 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average price of C$63.79 per share, with a total value of C$201,257.45. In the last ninety days, insiders bought 12,710 shares of company stock worth $814,824. 0.03% of the stock is currently owned by 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.