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

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

A number of other research firms have also weighed in on NTR. Mizuho raised shares of Nutrien from a strong sell rating to a hold rating in a research note on Tuesday, July 16th. Hsbc Global Res raised shares of Nutrien to a moderate sell rating in a research note on Friday, August 2nd. Wells Fargo & Company lowered shares of Nutrien from a strong-buy rating to a hold rating in a research note on Tuesday, September 24th. 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$64.33.

Nutrien Price Performance

TSE:NTR opened at C$67.50 on Thursday. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$85.48. 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 stock has a market capitalization 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 stock’s 50-day moving average price is C$64.63 and its 200-day moving average price is C$70.27.

Nutrien (TSE:NTR) last posted its quarterly earnings data 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 return on equity of 3.22% and a net margin of 3.06%. The company had revenue of C$13.90 billion for the quarter, compared to analysts’ expectations of C$14.92 billion. As a group, equities analysts expect that Nutrien will post 5.5004136 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Insider Transactions at Nutrien

In related news, Senior Officer Mark Thompson acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$64.00 per share, with a total value of C$224,000.00. In other Nutrien news, Director Keith Martell bought 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of C$64.00 per share, for a total transaction of C$224,000.00. Over the last 90 days, insiders have purchased 12,710 shares of company stock valued at $814,824. 0.03% of the stock is currently owned by company 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.