Nutrien (TSE:NTR) Raised to "Strong Sell" at The Goldman Sachs Group

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

A number of other equities research analysts also recently weighed in on the company. Raymond James upgraded Nutrien from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 3rd. Barclays downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Piper Sandler upgraded Nutrien from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$59.00.

Nutrien Stock Performance

Shares of TSE NTR traded up C$0.53 during trading on Thursday, reaching C$75.01. The stock had a trading volume of 960,670 shares, compared to its average volume of 1,730,036. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The stock has a market cap of C$25.82 billion, a PE ratio of 35.32, a P/E/G ratio of 1.15 and a beta of 0.95. The firm's 50 day moving average price is C$73.80 and its two-hundred day moving average price is C$68.48.

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Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. This is an increase from Nutrien's previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 2.91%. Nutrien's dividend payout ratio is presently 137.48%.

Insider Buying and Selling

In other Nutrien news, Director Michael Jeremiah Hennigan purchased 5,000 shares of Nutrien stock in a transaction on Monday, February 24th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Director Julie Lagacy purchased 2,000 shares of Nutrien stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of C$73.28 per share, with a total value of C$146,563.20. Insiders purchased a total of 18,840 shares of company stock worth $1,285,304 in the last three months. 0.03% of the stock is 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.