Nutrien (TSE:NTR) Raised to “Moderate Buy” at Raymond James

Nutrien (TSE:NTR) was upgraded by equities research analysts at Raymond James from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.39 EPS and FY2024 earnings at $4.79 EPS.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Wells Fargo & Company cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, UBS Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$64.50.

Nutrien Stock Down 1.6 %

TSE NTR opened at C$67.57 on Tuesday. 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 has a 50-day simple moving average of C$66.15 and a 200 day simple moving average of C$68.47. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The stock has a market cap of C$33.43 billion, a PE ratio of 30.57, a PEG ratio of 1.15 and a beta of 0.95.

Insider Buying and Selling

In other Nutrien news, Senior Officer Mark Thompson acquired 490 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of C$63.99 per share, with a total value of C$31,355.10. Also, Director Keith Martell acquired 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of C$65.23 per share, for a total transaction of C$81,537.50. In the last quarter, insiders have acquired 5,390 shares of company stock valued at $346,265. 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.