Nutrien (TSE:NTR) Raised to "Strong-Buy" at BNP Paribas

Nutrien (TSE:NTR - Get Free Report) was upgraded by equities research analysts at BNP Paribas to a "strong-buy" rating in a research report issued on Wednesday, April 9th,Zacks.com reports.

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

Nutrien Stock Performance

TSE NTR traded up C$0.66 on Wednesday, reaching C$73.57. 339,826 shares of the stock were exchanged, compared to its average volume of 1,884,099. The firm has a market capitalization of C$25.33 billion, a PE ratio of 34.64, a PEG ratio of 1.15 and a beta of 0.95. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The company's 50-day simple moving average is C$72.45 and its two-hundred day simple moving average is C$69.55. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10.

Insiders Place Their Bets

In related news, Senior Officer Mark Thompson acquired 400 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of C$71.18 per share, with a total value of C$28,472.00. Also, Director Michael Jeremiah Hennigan bought 5,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of C$73.98 per share, for a total transaction of C$369,910.00. Insiders have bought a total of 9,250 shares of company stock valued at $678,302 in the last quarter. 0.03% of the stock is currently owned by 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.