Wells Fargo & Company Downgrades Nutrien (TSE:NTR) to Hold

Wells Fargo & Company cut shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

A number of other analysts have also issued reports on the stock. Hsbc Global Res raised shares of Nutrien to a moderate sell rating in a research report on Friday, August 2nd. Mizuho upgraded shares of Nutrien from a strong sell rating to a hold rating in a research report on Tuesday, July 16th. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$64.33.

Nutrien Price Performance

Shares of TSE:NTR opened at C$65.22 on Tuesday. The company’s fifty day moving average is C$65.16 and its two-hundred day moving average is C$70.62. The company has a market cap of C$32.27 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$85.66. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14.

Nutrien (TSE:NTR) last issued its quarterly earnings results 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 business had revenue of C$13.90 billion for the quarter, compared to the consensus estimate of C$14.92 billion. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. Equities analysts expect that Nutrien will post 5.4173028 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, September 27th. Nutrien’s payout ratio is presently 136.70%.

Insider Buying and Selling at Nutrien

In other Nutrien news, Senior Officer Mark Thompson acquired 3,155 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average cost of C$63.79 per share, for a total transaction of C$201,257.45. In related news, Senior Officer Mark Thompson bought 3,155 shares of Nutrien stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average cost of C$63.79 per share, for a total transaction of C$201,257.45. Also, Director Keith Martell purchased 1,250 shares of the 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. Insiders acquired 12,710 shares of company stock worth $814,824 over the last ninety days. 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.