Nutrien (TSE:NTR) Rating Increased to Strong Sell at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nutrien (TSE:NTR) to a strong sell rating in a report published on Thursday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on NTR. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$59.00.

Nutrien Price Performance

NTR stock opened at C$72.96 on Thursday. Nutrien has a 12 month low of C$60.74 and a 12 month high of C$83.14. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The company has a 50-day moving average price of C$73.59 and a 200 day moving average price of C$68.34. The stock has a market cap of C$25.12 billion, a PE ratio of 34.35, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.99%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is currently 137.48%.

Insider Activity

In other news, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Director Michael Jeremiah Hennigan acquired 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of C$73.98 per share, with a total value of C$369,910.00. In the last quarter, insiders acquired 18,840 shares of company stock worth $1,285,304. 0.03% of the stock is currently owned by corporate 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.