Nutrien (TSE:NTR) Rating Lowered to Hold at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

Several other research analysts have also recently commented on the company. Hsbc Global Res raised Nutrien to a moderate sell rating in a research report on Friday, August 2nd. Mizuho raised shares of Nutrien from a strong sell rating to a hold rating in a 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 report on Tuesday, September 10th. One equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$64.33.

Nutrien Stock Up 3.0 %

TSE NTR opened at C$65.57 on Tuesday. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$85.66. The stock has a market cap of C$32.44 billion, a PE ratio of 30.08, a PEG ratio of 0.36 and a beta of 0.96. The firm has a 50-day simple moving average of C$65.25 and a 200 day simple moving average of C$70.66. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$3.18 EPS for the quarter, topping analysts’ consensus estimates of C$2.87 by C$0.31. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. The company had revenue of C$13.90 billion during the quarter, compared to the consensus estimate of C$14.92 billion. On average, research analysts forecast that Nutrien will post 5.4173028 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is 136.70%.

Insiders Place Their Bets

In other news, Senior Officer Mark Thompson bought 3,500 shares of Nutrien stock in a transaction dated Tuesday, August 20th. The shares were bought at an average price of C$64.00 per share, for a total transaction of C$224,000.00. In other Nutrien news, Director Keith Martell purchased 1,250 shares of the firm’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. Also, Senior Officer Mark Thompson purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of C$64.00 per share, with a total value of C$224,000.00. Insiders purchased 12,710 shares of company stock worth $814,824 over the last three months. 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.