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

Wells Fargo & Company lowered 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 equities research analysts have also recently commented on the company. Hsbc Global Res raised Nutrien to a moderate sell rating in a research note on Friday, August 2nd. Mizuho upgraded shares of Nutrien from a strong sell rating to a hold rating in a research note 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 note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of C$64.33.

Nutrien Trading Up 3.0 %

Shares of TSE:NTR opened at C$65.57 on Tuesday. The firm has a fifty day moving average of C$65.25 and a two-hundred day moving average of C$70.66. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$85.66. The firm has a market capitalization of C$32.44 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96.

Nutrien (TSE:NTR) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$3.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$13.90 billion during the quarter, compared to analysts’ expectations of C$14.92 billion. On average, equities analysts expect that Nutrien will post 5.4173028 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Insiders Place Their Bets

In other news, Senior Officer Mark Thompson purchased 630 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of C$62.61 per share, with a total value of C$39,444.30. In other Nutrien news, Director Keith Martell acquired 1,250 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired 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 630 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$62.61 per share, with a total value of C$39,444.30. Insiders purchased 12,710 shares of company stock valued at $814,824 over the last 90 days. 0.03% of the stock is currently owned by company 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.