Nutrien (TSE:NTR) Upgraded by BNP Paribas to “Strong-Buy” Rating

Nutrien (TSE:NTR) was upgraded by analysts at BNP Paribas to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently weighed in on NTR. Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group raised shares of Nutrien to a “strong sell” rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and a consensus target price of C$59.00.

Nutrien Price Performance

TSE:NTR traded up C$2.19 during trading hours on Wednesday, reaching C$69.76. The stock had a trading volume of 78,981 shares, compared to its average volume of 1,845,019. The stock has a market capitalization of C$24.02 billion, a PE ratio of 32.85, a PEG ratio of 1.15 and a beta of 0.95. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The company has a 50 day moving average price of C$72.57 and a two-hundred day moving average price of C$69.38. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27.

Insider Buying and Selling at Nutrien

In related news, Director Julie Lagacy acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of C$73.28 per share, for a total transaction of C$146,563.20. Also, Senior Officer Mark Thompson acquired 400 shares of the stock in a transaction on Monday, March 31st. The stock was bought at an average cost of C$71.18 per share, with a total value of C$28,472.00. Insiders acquired 9,250 shares of company stock worth $678,302 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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.