Nutrien (TSE:NTR) Downgraded to “Hold” at UBS Group

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

Several other equities research analysts also recently issued reports on NTR. The Goldman Sachs Group downgraded shares of Nutrien from a strong-buy rating to a hold rating in a research note on Tuesday, September 10th. Mizuho raised shares of Nutrien from a strong sell rating to a hold rating in a research report on Tuesday, July 16th. Wells Fargo & Company downgraded shares of Nutrien from a strong-buy rating to a hold rating in a research report on Tuesday, September 24th. Finally, Hsbc Global Res raised shares of Nutrien to a moderate sell rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$64.33.

Nutrien Stock Up 0.2 %

Shares of NTR opened at C$67.50 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. The firm has a market cap of C$33.40 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The company’s fifty day moving average is C$64.63 and its two-hundred day moving average is C$70.27. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$85.48.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.87 by C$0.31. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. The firm had revenue of C$13.90 billion for the quarter, compared to the consensus estimate of C$14.92 billion. Analysts forecast that Nutrien will post 5.5004136 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.20%. Nutrien’s payout ratio is currently 135.19%.

Insider Buying and Selling

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