Nutrien (TSE:NTR) Upgraded at Piper Sandler

Nutrien (TSE:NTR) was upgraded by Piper Sandler from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average price target of C$64.50.

Nutrien Price Performance

Shares of TSE:NTR opened at C$74.19 on Monday. The company has a market capitalization of C$36.71 billion, a PE ratio of 33.57, a PEG ratio of 1.15 and a beta of 0.95. The business has a fifty day moving average price of C$66.70 and a 200-day moving average price of C$66.55. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Insider Transactions at Nutrien

In related news, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of Nutrien stock in a transaction on Monday, November 18th. The stock was bought at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Insiders have acquired 11,175 shares of company stock worth $716,056 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Nutrien Company Profile

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.